Taleb—once cautiously hopeful about Bitcoin—now calls it...

Taleb—once cautiously hopeful about Bitcoin—now calls it a “detector of imbeciles” and a malignant financial tumor born from 15 years of near-zero interest rates. He argues Bitcoin is neither currency nor store of value, fails as inflation hedge, is too volatile, and ultimately depends on constant maintenance to avoid collapse. For Taleb, Bitcoin and #Crypto are symptoms of distorted monetary policy and cultural gullibility. Instead of being digital gold or a hedge against tyranny, Bitcoin is: • A Ponzi-like bubble fueled by cheap money. • A magnet for charlatans and conspiracy theorists. • A “fool detector” revealing who lacks financial literacy. medium.com/incerto/bitcoi..