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TechFlow news: Nassim Taleb, author of "The Black Swan" and advisor to Universa Investments, shared his views on the cryptocurrency market during CNBC's "Squawk Box" program.
Taleb pointed out that the sudden downturn in the cryptocurrency market once again proves that Bitcoin is not an effective hedge against systemic collapse. He stated, "Bitcoin has once again demonstrated that it cannot withstand a collapse in asset values."
Nassim Taleb, author of "The Black Swan" and advisor to Universa Investments, shared his views on the cryptocurrency market during CNBC's "Squawk Box" program. Taleb pointed out that the sudden downturn in the crypto market once again proves that Bitcoin is not an effective hedge against systemic collapse. He stated, "Bitcoin has once again demonstrated that it cannot withstand a collapse in asset values."
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