Nassim Taleb: “Bitcoin cannot serve as an insurance against inflation” – Bits Media

Famous American economist and trader Nassim Taleb criticized Bitcoin, calling it "the perfect game for suckers" during periods of low interest rates.

Nassim Taleb (Nassim Taleb), bestselling author of The Black Swan, once again criticized Bitcoin. He declared, that the first cryptocurrency does not insure investors against inflation and is not a hedge fund. Besides, according to Taleb, Bitcoin does not protect its owners from geopolitical events. "This is the perfect game for suckers", He said.

This is not the first time, when Taleb sharply criticizes both cryptocurrency itself, so do people, using it. So, last July, He said, that Bitcoin "only attracts idiots". In the middle of last year, Taleb and economist Nouriel Roubini said, that cryptocurrencies have no value for the data storage industry, unlike blockchain.

Note, what in 2019 year Taleb claimed, that Bitcoin significantly outperforms government currencies and advised Lebanese citizens to use crypto assets.