Nassim Taleb gloats over state crypto market has been thrown into, calls crypto influencers and leaders “cryptocrats”
Nassim Taleb, a modern philosopher, former options trader, risk analyst and author of “Black Swan,” “Antifragile” and other best-selling books, has criticized blockchain industry leaders and rejoiced in the current crash of the cryptocurrency market.
“I’m optimistic the world will not be run by cryptocrats”
Taleb took to Twitter to pour another portion of scorn onto the crypto industry and its leaders, whom he is calling cryptocrats.
He has also expressed optimism about the current collapse of the crypto market, posting a tweet under the title “CRYPTOCRASH”. In it, he shares his optimism because he believes “the world will no longer be run by the dead pencilneck cryptocrats of the 1964 black-and-white Dracula film.”
He also tweeted that the so-called cryptocrats combine their “computational skills w/the mental flexibility of NY Dept of Motor Vehicles agents & the common sense of a caffeinated parrot.”
Taking aim at Vitalik Buterin?
Going even further, he has compared crypto leaders to funeral home directors wearing ill-fitting pajamas.
When a Twitter user posted a photo of Vitalik Buterin making an appearance at the ETHDenver event in February 2022, wearing pajamas, Taleb stated that he “officially” denies that he was referring to any specific person in the crypto space.
From crypto supporter to acid bitcoin hater
Nassim Taleb has come a long way from supporting bitcoin and cryptocurrencies to being an outspoken hater of crypto.
Back in 2019, he praised Bitcoin, when banks shut down in Lebanon (Taleb’s home country) after mass protests that were called a “WhatsApp Revolution.” The government wanted to tax users’ calls made via WhatsApp and other messaging apps. Back then, he said that banks failing to be there when you need them is the best use case for crypto.
Then in 2021, after the flagship cryptocurrency hit an all-time high of the $69,000 level, pundits began to slam BTC, again cheering the market crash of a year earlier.
Recently, in September, he referred to Bitcoin as a “tumor” that occurred because of the “Disneyland economy” over the past 15 years, when the Fed was cutting interest rates. He also regretted in public that he did not short Bitcoin.
