{"id":67243,"date":"2022-09-16T09:30:38","date_gmt":"2022-09-16T06:30:38","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67243"},"modified":"2025-09-07T05:35:08","modified_gmt":"2025-09-07T02:35:08","slug":"nassim-taleb-called-bitcoin-a-tumor","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nassim-taleb-called-bitcoin-a-tumor\/","title":{"rendered":"Nassim Taleb called Bitcoin a &#8216;tumor&#8217;."},"content":{"rendered":"<p>The flexible monetary policy of the U.S. Federal Reserve has given rise to &#8220;tumors&#8221; like Bitcoin, according to philosopher and author of the cult work &#8220;The Black Swan,&#8221; Nassim Taleb.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\u00abI think that we\u2019ve had 15 years of Disneyland that basically has destroyed the economic structure,\u00bb says <a href=\"https:\/\/twitter.com\/nntaleb?ref_src=twsrc%5Etfw\">@nntaleb<\/a>. \u00abYou are hurting the economy.. creating tumors like <a href=\"https:\/\/twitter.com\/hashtag\/bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#bitcoin<\/a>. There was at some point such a thing as a discount rate. All these notions escape the new generation.\u00bb <a href=\"https:\/\/t.co\/gebbrcws7I\">pic.twitter.com\/gebbrcws7I<\/a><\/p>\n<p>\u2014 Squawk Box (@SquawkCNBC) <a href=\"https:\/\/twitter.com\/SquawkCNBC\/status\/1570389849898889217?ref_src=twsrc%5Etfw\">September 15, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;I think we&#8217;ve had 15 years of Disneyland that basically destroyed the economic structure. The Fed over-shot, cutting rates too aggressively,&#8221; Taleb said.<\/p>\n<\/blockquote>\n<p>In his view, because of this approach people under 40 do not understand how the economy works. Society will have to face the consequences, the philosopher warned:<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;A prolonged period of near-zero interest rates harms the economy; you create bubbles, you create tumors like Bitcoin.&#8221;<\/p>\n<\/blockquote>\n<p>Taleb urged a return to &#8220;normal economic life.&#8221; He noted that the price of the first cryptocurrency at around $20,000 indicates that there are &#8220;some things that need to be fixed&#8221;.<\/p>\n<p>In February, Taleb stated that <a href=\"https:\/\/u1f987.com\/en\/news\/nassim-taleb-bitcoin-wont-shield-investors-from-inflation-and-market-declines\">Bitcoin will not save investors<\/a> from inflation and market declines.<\/p>\n<p>In June, the philosopher <a href=\"https:\/\/u1f987.com\/en\/news\/nassim-taleb-called-bitcoin-a-gold-mine-for-lawyers\">called the first cryptocurrency &#8220;golden vein&#8221;<\/a> for lawyers due to regulatory uncertainty in the market.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The flexible monetary policy of the U.S. Federal Reserve has given rise to tumors like Bitcoin, according to the philosopher and author of the cult work The Black Swan, Nassim Taleb.<\/p>\n","protected":false},"author":1,"featured_media":67244,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1649,1138],"class_list":["post-67243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-nassim-taleb","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=67243"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67243\/revisions"}],"predecessor-version":[{"id":67245,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/67243\/revisions\/67245"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/67244"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=67243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=67243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=67243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}