Famed Investor, Black Swan Author Is “Getting Rid Of” His Bitcoin, Here’s Why
Bitcoin price is trading near $50,000 and the uptrend appears to be just now getting under way. So why then, is the author of the Black Swan, Nassim Nicholas Taleb choosing now to sell his BTC? His credentials also include options trader, mathematician and risk analyst. Is his warning something investors should seriously heed – or has he got it all wrong this time? Black Swan Author Blasts Crypto Investors, Begins Selling Bitcoin Nassim Nicholas Taleb upset […]
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The famous author of The Black Swan, Nassim Nicholas Taleb, says investors should not buy bitcoin. To hedge against the current turbulent market, he advises buying stocks or real estate, emphasizing that bitcoin has no connection to inflation or “anything economic.” Nassim Taleb Advises Against Bitcoin Investing Nassim Nicholas Taleb, the famed author of “The Black Swan,” has shared his view on bitcoin and on how to hedge against the current turbulent market in an interview with CNBC Friday. Taleb is a Lebanese-American scholar, mathematical statistician, former....
The term "Black Swan Event" describes certain events in history so profoundly unexpected and massive in scale, that they fundamentally changed the course of history. There are good Black Swans (the unpredicted rise of the internet), and bad Black swans (rise of Hitler). The absurdity of a Black Swan ever existing was so outrageous during the middle ages it became a metaphor for the laughably impossible. In today's world we might comparably say something about snowball's chance in Hell. For many centuries, the metaphor existed until about the year 1700 they were discovered to actually to....
Back in March of 2020, those taking position ahead of the Bitcoin halving were blindsided by the Black Thursday market selloff, driven by panic at the onset of the COVID pandemic and subsequent lockdowns. With the new Omicron strain making headlines, and lockdowns once again considered, could the cryptocurrency market be facing another dangerous macro storm and catastrophic collapse? Omicron & The Return Of The Black Swan Trend Line According to Wikipedia, a black swan is “an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact....
"Not owning any Bitcoin has been a massive mistake, and we expect that will continue to be true," the famed value investor wrote to clients.
Robert Kiyosaki, the famed author of the finance book ‘Rich Dad Poor Dad,’ has urged investors to start investing in bitcoin. Kiyosaki has recently pivoted to the crypto market and has been sharing his thoughts and insights regarding what he believes to be the right way to go about the crypto market. So far, the […]