'Black Swan' author Taleb slams Bitcoin as a cult and predicts FedNow will end 'crypto cult' business.

1 min read
Source: Kitco NEWS
'Black Swan' author Taleb slams Bitcoin as a cult and predicts FedNow will end 'crypto cult' business.
Photo: Kitco NEWS
TL;DR

Nassim Taleb, author of 'Black Swan', criticized Bitcoin and other cryptocurrencies, calling them a fad and a cult. He believes that the Federal Reserve's upcoming FedNow system will put cryptocurrencies out of business. Taleb also dismissed the idea that crypto is a generational trend, saying that experience should be glorified over ignorance.

Share this article

Want the full story? Read the original reporting

Read on Kitco NEWS