Nassim Nicholas Taleb Praises Gold and Speaks of De-dollarization
Renowned scholar and author Nassim Nicholas Taleb recently took to social media to praise gold as a rival to Bitcoin in the physical world. He also highlighted the ongoing process of de-dollarization happening around the globe, which many people may not be aware of.
Taleb mentioned that central banks from countries like Brazil, Russia, India, China, and South Africa have been storing gold as a risk-off asset, despite settling transactions in U.S. dollars. He noted that gold has seen a significant increase in value, rising approximately 30% year-on-year.
On the other hand, Taleb remains critical of Bitcoin, calling it a “tumor” in the economy due to its high volatility. Despite once believing in Bitcoin as an alternative to fiat money, he has since changed his stance and has been vocal about his disappointment in the cryptocurrency.
In addition to his views on gold and Bitcoin, Taleb teased a new book he is working on called “Lydian Stone,” which will explore how humans perceive sequences and their relation to the arrow of time and entropy.
Overall, Taleb’s insights on gold and Bitcoin shed light on the shifting dynamics in the financial world and how these changes can impact individuals’ lives and investments. It’s essential for people to stay informed about these developments to make informed decisions about their finances.