Nassim Nicholas Taleb
Resolved (2)
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On CNBC Squawk Box (Sept 2022), Taleb reiterated that Bitcoin should be valued at zero, calling it a 'tumor' enabled by loose monetary policy, and said that if markets worsened BTC could fall toward $1,000 or zero (then noting it was 'still at $20,000').
“Bitcoin is still used, it's still at $20,000. It's not at, you know, at $1,000 or zero.”
Said BTC could fall toward $1,000 or zero (2022-09-15, $19,704); the low since was $15,460 and BTC reached $126,296, trading at $58,161 — never approached $1,000/zero.
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In his paper 'Bitcoin, Currencies, and Fragility', Taleb argues bitcoin can be neither a short- nor long-term store of value because 'its expected value is no higher than $0' — i.e., BTC's true/expected value is zero.
“In its current version, in spite of the hype, bitcoin failed to satisfy the notion of "currency without government" (it proved to not even be a currency at all), can be neither a short nor long term store of value (its expected value is no higher than $0), cannot operate as a reliable inflation hedge, and, worst of all, does not constitute, not even remotely, a safe haven for one's investments.”
Asserted BTC's expected value is $0 on 2021-06-27 at $34,709; BTC went on to a $126,296 ATH and trades at $58,161 — nowhere near zero.