Nassim Taleb praises gold’s big yearly price increase, while he keeps slamming Bitcoin
has taken to his account on the X social media platform to praise Bitcoin’s rival in the physical world – gold.
He also drew his followers’ attention to the real “de-dollarization” taking place around the world. Meanwhile, Taleb continues to criticize the world’s flagship cryptocurrency Bitcoin.Nassim Taleb addressed his community of X followers to mention that there is real “de-dollarization” of the world taking place, however, it has been going mostly unnoticed by ordinary people.
He also proudly pointed out that gold has surged by approximately 30% year-on-year – spot gold has seen an increase from $2,043 on January 2 to $2,508 on September 10.Transactions are labeled in USD, as an anchor currency, but central banks have been storing, that is putting their reserves, in Gold.
Nassim Taleb is a turned Bitcoin critic. Five years ago, he believed in Bitcoin as a perfect alternative to fiat money, when the so-called WhatsApp Revolution in his native country Lebanon took place and banks refused to release cash to customers. However, in 2020, he switched sides, stating that he had become disappointed in Bitcoin due to its high volatility movements. His then, he has claimed Bitcoin to be a “tumor” in the body of the economy and has been taking every chance to criticize it.. That is a flint stone that used to be leveraged by people of old ages to verify the quality of silver and gold. The book will be “partly on how humans get confused by sequences,” according to Taleb.
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