{"id":178980,"date":"2021-04-25T10:22:37","date_gmt":"2021-04-25T09:22:37","guid":{"rendered":"https:\/\/guruplay.tv\/2021\/04\/25\/stay-out-of-bitcoin-and-get-into-olive-oil-nassim-taleb-advises\/"},"modified":"2021-04-25T13:56:37","modified_gmt":"2021-04-25T12:56:37","slug":"stay-out-of-bitcoin-and-get-into-olive-oil-nassim-taleb-advises","status":"publish","type":"post","link":"https:\/\/guruplay.tv\/2021\/04\/25\/stay-out-of-bitcoin-and-get-into-olive-oil-nassim-taleb-advises\/","title":{"rendered":"Stay out of Bitcoin and get into \u2018Olive Oil\u2019, Nassim Taleb advises"},"content":{"rendered":"

\n<\/p>\n

Nassim Nicholas Taleb, author of \u201cThe Black Swan,\u201d has shared his view on Bitcoin during an interview with CNBC on Friday.<\/p>\n

The mathematical statistician and risk analyst was asked about cryptocurrency, in particular Bitcoin. While he admitted that Bitcoin is \u201ca beautifully set up cryptographic system,\u201d Taleb believes that in order to hedge against inflation, one can best buy a piece of land because you can \u201cgrow olives on it and you\u2019ll have olive oil.\u201d<\/p>\n

\u201cOf course, the best strategy for investors is to own things that produce yields in the future,\u201d he said.<\/p>\n

On Bitcoin, Taleb said that although it is well-made, \u201cthere is absolutely no reason it should be linked to anything economic.\u201d<\/p>\n

He further claimed Bitcoin \u201chas the characteristics of an open Ponzi scheme\u201d and that everyone knows this.<\/p>\n

\u201cBasically, there is no connection between inflation and bitcoin. None. You can have hyperinflation and bitcoin goes to zero. There is no link between them,\u201d continued.<\/p>\n

He concluded the interview saying:<\/p>\n

\u201cStay out of bitcoin. Buy stocks that are stable and buy things you understand.\u201d<\/p>\n

Taleb used to be a proponent of the number one cryptocurrency. However, once he saw its volatility and the currency being used for speculation, the author changed his views.<\/p>\n

Taleb\u2019s investment advice to leave Bitcoin for what it is and venture into \u2018olive oil\u2019 has so far caused great laughter on Twitter where it is proudly being shared.<\/p>\n

\n

My current portfolio:
\u2022 69% Grana Padano
\u2022 31% Colavita Olive Oil
\u2022 A pinch of salt<\/p>\n

I sleep like a baby knowing that I don’t have to worry about money anymore. https:\/\/t.co\/kMcJZZUIYn<\/a><\/p>\n

\u2014 Gigi \"☣\"\"☯\" (@dergigi) April 25, 2021<\/a><\/p>\n<\/blockquote>\n

https:\/\/platform.twitter.com\/widgets.js<\/a><\/p>\n

Of course, the self proclaimed \u2018King of Bedford\u2019 and host of the \u2018What Bitcoin Did\u2019 podcast, was in on the fun:<\/p>\n

\n

Stacking pic.twitter.com\/Vw8zgpdhuJ<\/a><\/p>\n

\u2014 Peter McCormack (@PeterMcCormack) April 25, 2021<\/a><\/p>\n<\/blockquote>\n

https:\/\/platform.twitter.com\/widgets.js<\/a><\/p>\n

\u00a0<\/p>\n

The post Stay out of Bitcoin and get into \u2018Olive Oil\u2019, Nassim Taleb advises<\/a> appeared first on iGaming<\/a>.<\/p>\n


\nSource: Igaming<\/p>\n","protected":false},"excerpt":{"rendered":"

Nassim Nicholas Taleb, author of \u201cThe Black Swan,\u201d has shared his view on Bitcoin during an interview with CNBC on Friday. The mathematical statistician and risk analyst was asked about cryptocurrency, in particular Bitcoin. While he admitted that Bitcoin is \u201ca beautifully set up cryptographic system,\u201d Taleb believes that in order to hedge against inflation, one can best buy a piece of land because you can \u201cgrow olives on it and you\u2019ll have olive oil.\u201d \u201cOf course, the best strategy for investors is to own things that produce yields in the future,\u201d he said. On Bitcoin, Taleb said that <\/p>\n","protected":false},"author":14247,"featured_media":178981,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[164],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/guruplay.tv\/wp-content\/uploads\/2021\/04\/2623-1.png?fit=72%2C72&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p160my-KyM","jetpack-related-posts":[],"publishpress_future_action":{"enabled":false,"date":"2024-06-23 06:43:59","action":"change-status","newStatus":"draft","terms":[],"taxonomy":"category"},"_links":{"self":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts\/178980"}],"collection":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/users\/14247"}],"replies":[{"embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/comments?post=178980"}],"version-history":[{"count":0,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/posts\/178980\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/media\/178981"}],"wp:attachment":[{"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/media?parent=178980"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/categories?post=178980"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/guruplay.tv\/wp-json\/wp\/v2\/tags?post=178980"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}