Nassim Taleb Calls Bitcoin a ‘Tumor’ Attributable to Low Interest Rates

Author and risk analyst Nassim Nicholas Taleb took aim at cryptocurrency in a recent television interview, arguing that the continued relevance of Bitcoin and other blockchain assets was an accident of a monetary policy that has caused many assets to be grossly overvalued.
Speaking on CNBC’s Squawk Box, the renowned philosopher of probability reiterated his confidence that Bitcoin ought to be valued at zero in unsparing language, alleging that the continued value of cryptocurrency is a “tumor” driven by an overly loose monetary policy.
“Bitcoin is still in use. It’s still at 20,000; it’s not at, you know, at a thousand or zero. So we still have things that need to be corrected.”…

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