“It has the characteristics of an open Ponzi scheme. Everyone knows it’s a Ponzi,” he claimed, author of "Black Swan" Nassem Taleb where he clearly stated that Bitcoin still is a ponzi. https://news.bitcoin.com/black-swan-nassim-taleb-advises-stay-out-of-bitcoin-no-link-to-inflation-economic/ With this kind of mentality what is amazing is that in the other parts of the world taken into account in Venezuela where hyperinflation rate killed so many Venezuelans, the lifeline of the people was using cryptocurrency as a way to improve their economy. Adding to his statement, "Stay out of bitcoin. Buy stocks that are stable and buy things you understand." obviously he doesn't seem to understand cryptocurrency in general and that investing mainly in fiat could lead to hyperinflation rate. Again this is not about fiat versus crypto rather fiat and crypto which means why can't we have the best of both worlds? Invest on both duhhhhhh...fiat is bound for government control while crypto clearly is not. Image Source: Giphy #PersonalFinance
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