{"id":234055,"date":"2021-04-23T20:00:00","date_gmt":"2021-04-23T17:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-is-not-an-inflation-hedge-bitcoin-skeptic-claims\/"},"modified":"2021-04-23T20:00:00","modified_gmt":"2021-04-23T17:00:00","slug":"bitcoin-is-not-an-inflation-hedge-bitcoin-skeptic-claims","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-is-not-an-inflation-hedge-bitcoin-skeptic-claims\/","title":{"rendered":"# Bitcoin is not an inflation hedge, Bitcoin skeptic claims"},"content":{"rendered":"

“# Bitcoin is not an inflation hedge, Bitcoin skeptic claims <\/strong>”
\n<\/p>\n

Untied to any single government or country, Bitcoin is often labeled as a store of value asset and a hedge against other areas of finance. Nassim Taleb, a former risk analyst and author, thinks otherwise, however.\u00a0<\/p>\n

In an interview with CNBC on Friday, after noting Bitcoin\u2019s (BTC) similarity to a Ponzi scheme, Taleb said: \u201cThere\u2019s no connection between inflation and the coin. None.\u201d<\/p>\n

He added:<\/p>\n

\u201cI mean you can have hyperinflation and Bitcoin going to zero. There\u2019s no link between them.\u201d<\/p><\/blockquote>\n

This is not the first time Taleb has expressed skepticism toward Bitcoin. Earlier this year, he mentioned selling off his BTC holdings, claiming issues with its volatility. His stance, however, was based on Bitcoin as a currency, not as a store of value \u2014 a role in which the asset has transitioned into over the years. <\/p>\n

Taleb, however, does seem to fully app<\/a>reciate the technology<\/a> behind BTC. \u201cIt\u2019s a beautifully set up cryptographic system,\u201d he told CNBC. \u201cIt\u2019s well-made, but there\u2019s absolutely no reason it should be linked to anything economic,\u201d he added. <\/p>\n

\u201cIf you want to hedge against inflation, buy a piece of land. Grow, I don\u2019t know, olives on it. You know, you\u2019ll have olive oil, if the price collapses you\u2019ll have something, but Bitcoin there\u2019s no connection.\u201d<\/p><\/blockquote>\n

He described the importance of owning cash-generating vehicles, and referred to Bitcoin as a gimmick. Taleb also made other comments on Bitcoin in the interview, including talking about currencies versus speculative assets. <\/p>\n

Last year, Taleb referred to most Bitcoin advocates as idiots, citing their lack of knowledge on economic subjects. <\/p>\n