Nassim Nickolas Taleb shares his view on why “the inexperienced” keep entering crypto with a Utopian vision
Prominent mathematician, former risk manager, modern philosopher, author of bestselling non-fiction books including “Black Swan,” Nassim Nicholas Taleb has taken to Twitter to share another of his messages with his audience.
This time he touched on the topic of inexperienced investors entering crypto with high expectations and why it continues despite manifold “opportunities” to lose money on scams, volatility, etc.
Taleb tweeted that “naive people are utopians” with cryptocurrencies and “other technologies”. According to the scholar it is a question of perception. As one lives through the events, he does not register the negative factors, but sees only the positive and subjectively.
However, when one looks back, one sees everything from the perspective of “survivorship bias”.
A few years back, Taleb praised crypto and bitcoin in particular as opposed to banks. However, he then turned into a vocal crypto hater and now frequently publishes tweets slamming bitcoin and the entire crypto space. Most recently, he called bitcoin a “tumor” that metastasized due to the “Disneyland economy” in the US.
