World-renowned mathematician and speculator Nassim Nicholas Taleb has suggested that Bitcoin (BTC) and cryptocurrencies have failed as a store of value and explained why their prices have soared.
In an interview published on January 4, Nassim Taleb said, Terra (LUNA) and FTX big crashes like for 15 years ongoing low interest pointed out that it is a result of the environment. In the early days of cryptocurrencies, they that you support and against wrong monetary policies. method of protection Stating that he thinks they can be, Taleb said, 2021 in the year give up on this belief told. Existing cryptocurrencies and Bitcoin only inflation because of to people money earning Taleb, who defines cryptocurrencies as assets, money from the feature also devoid of stated that.
Initially I Believed In Bitcoin But…
Before the 2008 crisis structural problems and hidden risks Former Chairman of the US Federal Reserve (FED), who masked it with monetary policies instead of eliminating Ben Bernankequite that you criticize Taleb stated that Bitcoin wrong and arbitrary against monetary policy. protection middleman He said he believed it could happen. However, Taleb soon became a part of all cryptocurrencies, including Bitcoin. store of value or money aspect unsuccessful He said he noticed it.
Bitcoin Is Just An Imbecile Detector
Bitcoin is a store of value or currency unit since its failure as high to volatility in this industry and your real income of the currency of the basic functions not from income from inflation from winning it originates stated. demand, of bitcoin is successful only the subject, imbecile detector claimed to be.
Disneyland Economy Encourages Asset Bubbles and Fraud
In its own words, the low interest rate environment that has been going on for about 15 years “Disneyland Economy” Taleb stated that it is almost impossible to access finance. no cost many in the economy because asset bubble claimed to have been created. demand, people of low interest environment to manipulations and cheat to projects claimed to have pushed him.
Young Bitcoin Rich Don’t Understand Finance
Taleb, of the cryptocurrency universe early bitcoin for taking rich but other than computer programming no thing ignorant a lot young and temporary get rich He said it was full. Taleb, young Bitcoiners from finance you don’t understandthat Bitcoin cannot be a store of value realize that they did not arrive expressed and added:
In any case, what we need is to return to a normal economic life with 4% to 5% interest rates. This will clean everything in tech heaven.