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
