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‘Black Swan’ Author Calls Bitcoin a Ponzi Scheme

Black Swan author Nassim Taleb reaffirmed his stance that bitcoin is an open Ponzi scheme and a failed currency, according to a CNBC interview last Friday.

Taleb said to Squawk Box:

Taleb added he was fooled into thinking Bitcoin could be a viable alternative to fiat currency. But he surmised that a currency that has no government support is “just speculation” and a “game”. To elaborate, he said that Bitcoin failed in its supposed role as a replacement for government-backed money, mainly because of its volatility

However, some analysts view Bitcoin, often referred to as digital gold, as a boun…

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Source: Cryptocurrency - investing.com

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