“When Bitcoin will die,” a former Black Swan trader and author called the cryptocurrency a financial pyramid

American writer, statistician and former trader and risk manager Nassim Nicholas Taleb, who is the author of the economic bestsellers Black Swan (2007) and Risking His Own Skin. The hidden asymmetry of everyday life ”(2018), called Bitcoin a financial pyramid.

“When the death of bitcoin begins, we will watch the demise of the Ponzi mega-circuit, which exceeded $ 1 trillion,” said Nassim Nicholas Taleb on his Twitter page.

Nassim Nicholas Taleb has previously supported Bitcoin and criticized the traditional financial system on several occasions. In February 2019, he gave a lecture in Moscow, where he named the main task of the first cryptocurrency – to scare bankers.

However, as early as last summer, he called those who invest heavily in Bitcoin “complete idiots.” Earlier this year, Nassim Nicholas Taleb Nassim Nicholas Taleb announced the sale of his bitcoins, noting that this cryptocurrency did not take place due to high volatility.

Bank of Japan Governor Haruhiko Kuroda has joined the criticism of bitcoin after its precipitous decline over the past couple of weeks. Jamie Dimon, CEO of US investment bank JPMorgan Chase, has called for staying away from cryptocurrencies.

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