Type to search

News

Nassim Taleb: It’s better to invest in Bitcoin (BTC) and Gold, rather than treasury bonds and stocks

Share

World-famous economist, and bestseller author of the books “Black Swan” and “Fooled by Randomness”, Nassim Nicholas Taleb has said its better to invest in cryptocurrencies such as Bitcoin and Gold rather than treasury bonds and stocks.

Speaking at India Economic Conclave, an event hosted by Times Group in India pointed out the problem with the current debt market. Nassim Taleb said,

“People have lost faith in governments. You cannot ignore the cryptocurrencies, particularly the bitcoin story and blockchain. I see cases of countries where people no longer trust the banking system because bureaucrats are not sophisticated enough compared to the bottom-up collective intelligence built into this that monstrous embedded knowledge. Central banks may no longer be in control of monetary policy because these cryptocurrencies may dominate. Currency without the government is great.”

Bonds and Banks as Legalized Ponzi

Pointing out the currency crisis in Lebanon, Nassim Taleb says that people have lost trust in the central banks. He asks who is to protect people if the government and banks are involved in a legalized Ponzi scheme.

“I am very glad that we have cryptocurrencies…Of course, you are going to have frauds and ponzi schemes and all that with bitcoin and cryptos but when you see governments like in Lebanon, doing the ponzis you tell yourself what is better,” he said.

Nassim Taleb has been pro-cryptocurrency for a while. He even tweeted to his 431K followers, criticizing the banks and supporting cryptocurrencies.

 

Join Bitxmi Exchange and get $10 worth of BXMI token after your first trade

Disclaimer: Bitxmi News is a news portal and does not provide any financial advice. Bitxmi's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Bitxmi News won't be responsible for any loss of funds.

Ishan Garg

Ishan is a cryptocurrency trader and a journalist. He is the founder of popular blockchain media - Blockmanity. He trades cryptocurrencies and holds some but he prefers holding Bitcoin.

  • 1

Leave a Comment

Your email address will not be published. Required fields are marked *

bitcoin
Bitcoin (BTC) $ 9,801.32 1.50%
ethereum
Ethereum (ETH) $ 243.72 0.30%
tether
Tether (USDT) $ 1.00 0.08%
ripple
XRP (XRP) $ 0.204800 0.56%
bitcoin-cash
Bitcoin Cash (BCH) $ 260.26 2.91%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 195.98 0.49%
litecoin
Litecoin (LTC) $ 47.62 0.74%
cardano
Cardano (ADA) $ 0.088505 0.66%
binancecoin
Binance Coin (BNB) $ 17.55 0.11%
eos
EOS (EOS) $ 2.73 0.91%
tezos
Tezos (XTZ) $ 3.00 0.82%
crypto-com-chain
Crypto.com Coin (CRO) $ 0.098728 2.85%
chainlink
ChainLink (LINK) $ 4.46 0.34%
stellar
Stellar (XLM) $ 0.082277 2.84%
okb
OKB (OKB) $ 5.25 0.47%
monero
Monero (XMR) $ 68.51 1.58%
leo-token
LEO Token (LEO) $ 1.22 1.89%
tron
TRON (TRX) $ 0.016948 0.87%
huobi-token
Huobi Token (HT) $ 4.10 0.51%
neo
NEO (NEO) $ 12.19 1.67%
ethereum-classic
Ethereum Classic (ETC) $ 6.94 0.12%
dash
Dash (DASH) $ 78.31 0.25%
usd-coin
USD Coin (USDC) $ 0.999539 0.12%
iota
IOTA (MIOTA) $ 0.251429 0.87%
cosmos
Cosmos (ATOM) $ 3.12 6.23%
zcash
Zcash (ZEC) $ 52.69 0.82%
vechain
VeChain (VET) $ 0.006903 4.05%
nem
NEM (XEM) $ 0.046418 0.42%
ontology
Ontology (ONT) $ 0.599408 1.25%
maker
Maker (MKR) $ 424.79 0.50%
basic-attention-token
Basic Attention Token (BAT) $ 0.242307 7.66%
dogecoin
Dogecoin (DOGE) $ 0.002620 0.93%
ftx-token
FTX Token (FTT) $ 3.00 0.26%
theta-token
Theta Network (THETA) $ 0.298591 6.40%
paxos-standard
Paxos Standard (PAX) $ 0.998897 0.34%
omisego
OMG Network (OMG) $ 1.69 1.33%
digibyte
DigiByte (DGB) $ 0.017914 0.08%
decred
Decred (DCR) $ 18.71 11.17%
0x
0x (ZRX) $ 0.327948 0.69%
hedera-hashgraph
Hedera Hashgraph (HBAR) $ 0.044431 1.94%
algorand
Algorand (ALGO) $ 0.239695 0.85%
icon
ICON (ICX) $ 0.334049 1.37%
enjincoin
Enjin Coin (ENJ) $ 0.198461 1.85%
zilliqa
Zilliqa (ZIL) $ 0.016900 4.98%
lisk
Lisk (LSK) $ 1.27 2.09%
qtum
Qtum (QTUM) $ 1.85 0.75%
binance-usd
Binance USD (BUSD) $ 0.999198 0.09%
bitcoin-gold
Bitcoin Gold (BTG) $ 9.39 0.49%
augur
Augur (REP) $ 14.23 3.81%
true-usd
TrueUSD (TUSD) $ 0.999318 0.09%