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Nassim Taleb: Bitcoin Is a Ponzi Scheme

Nassim Taleb: Bitcoin Is a Ponzi Scheme

The philosopher and author of the cult work The Black Swan, Nassim Taleb, in an interview with CNBC again criticized the first cryptocurrency. According to him, Bitcoin is a Ponzi scheme.

“There is no connection between inflation and Bitcoin. If you want to hedge against inflation, buy land,” Taleb said.

He believes that the best strategy for investors is to own things that can generate income in the future.

“Don’t mess with Bitcoin. Buy stable stocks and assets you understand,” the philosopher added.

Earlier, Taleb repeatedly supported Bitcoin and criticized the traditional financial system. In February 2019 he gave a lecture in Moscow, where he described the main task of the first cryptocurrency as scaring bankers.

In the summer of 2020, Taleb called the overwhelming majority of Bitcoin maximalists “complete idiots”, and in February 2021 — “amœbas”.

Earlier in February, the philosopher also said he sold his bitcoins and that digital gold “did not establish itself as a means of payment” due to high volatility.

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