Explosive! Taleb lashes out at Bitcoin as worthless, clashes with Peterson in a heated exchange!
Recently, the crypto world has been shaken once again! Renowned economist Nassim Taleb suddenly launched an attack, publicly criticizing Bitcoin as having "no practical value," repeatedly accusing it of being too volatile and unsuitable for hedging against risks, even firing back at Canadian psychologist Jordan Peterson, calling him a member of the "Bitcoin cartel," causing the situation to spiral out of control!
The incident was triggered by Australia's ANZ Bank restricting cash withdrawals, leading Peterson to advocate for using Bitcoin as a cash alternative. Taleb immediately fired back, warning the public not to be misled, stating that Bitcoin lacks regulation and stability, and is not a safe haven during systemic crises. He also mentioned that he "unfollowed" Bitcoin as early as 2021 and hinted that a falling out with the author of "The Bitcoin Standard" was the catalyst for his change of heart.
Meanwhile, "Oracle of Omaha" Buffett also joined the discussion, warning at the shareholders' meeting that the dominance of the dollar may be nearing its end, prompting Bitwise executives to suggest that investors include Bitcoin in their portfolios. The decline in cash usage in Australia further enhances the real appeal of digital currencies.
The clash between reason and faith is unfolding; is Bitcoin's future a bubble or a revolution? The entire internet is watching!