news

bitcoin

1 X bitcoin bitcoin =

Thursday

13 May 2021

‘Bitcoin is not a hedge against anything,’ concludes 'Black Swan' author Nassim Taleb

‘Bitcoin is not a hedge against anything,’ concludes 'Black Swan' author Nassim Taleb


smart summary beta

Bitcoin (BTC) is not “a hedge against anything,” concluded “Black Swan” author and risk analyst Nassim Nicholas Taleb after inviting his 727,000 Twitter followers to debate on whether there is any correlation between BTC and inflation.

“CONCLUSION: not a single reasonable argument that #BTC is a hedge against inflation, or, as a matter of fact, a hedge ag.

To further drive this point home, Taleb later appealed to his Twitter followers, asking them to explain how Bitcoin can be a hedge against inflation.

Taleb also pointed out that Bitcoin’s programmable scarcity (after all, no more than 21 million BTC can be mined and new blocks can’t be discovered faster than one per 10 minutes) doesn’t make it a hedge against inflation because “a lot of things are scarce & have collapsed in value.”

Goto Full Article

bitcoin bitcoin price

$51329.00

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.4)

Image

Why Fiat Experts Don’t Get Bitcoin
published: 1 hour ago
There are various reasons traditional experts do not understand bitcoin and thus have negative views on it.

sentiment (-0.2) Negative

Article Metadata

author

site

Cryptoslate.com
Market data feeds provided by cryptocompare.com
bitsmart 2021