“The Black Swan” author Nassim Taleb, recently likened Bitcoin to a tumor, as he blamed the Fed for hurting the economy.
From environmental concerns to backlash for allegedly having the features of a Pyramid Scheme, Bitcoin has had its fair share of criticism. As the global financial scene faces unique troubles due to new realities, it appears these criticisms have not seen a stop, especially with Bitcoin’s recent correlation with traditional finance.
A Lebanese-American risk analyst and author of “The Black Swan,” Nassim Nicholas Taleb is the latest in line to slander the firstborn crypto. Taleb appeared on Thursday on CNBC’s Squawk Box show to discuss markets, risk, and uncertainty.
Squawk Box host Andrew Ross Sorkin sought Taleb’s opinion on the state of the American economy and if the Federal Reserve is making the right choices in combating the economic concerns. In response, Taleb noted that the growing issues with the economy are due partly to the inexperience of the younger generation due to living in a predominantly bubbling economy in the past.
“I think we’ve had 15 years of Disneyland that basically destroyed the economic structure… You are hurting the economy… creating tumors like bitcoin. There was at some point such a thing as a discount rate. All these notions escape the new generation.”
“I think that we’ve had 15 years of Disneyland that basically has destroyed the economic structure,” says @nntaleb. “You are…
