Nassim Taleb: Bitcoin is a Tumor

According to philosopher and author of the cult work “The Black Swan” Nassim Taleb, the flexible monetary policy of the US Federal Reserve System has led to the emergence of “tumors” like BTC.

He has added:

“I believe we had 15 years of Disneyland which basically destroyed the economic structure. The Fed missed the mark by cutting interest rates too much.”

He thinks that because of this approach, people under 40 do not understand how the economy works. Society will have to face the consequences, the philosopher has warned:

“Zero interest rate for a long period of time hurts the economy, you create bubbles, you create tumors like Bitcoin.”

Taleb has called for a return to “normal economic life.” He has noted that the price of BTC at $20,000 means there are “some things that need to be fixed.”