.nntaleb Crypto fad is getting pushed out by this major new trend: BlackSwan author NassimTaleb. $BTC
"The crypto fad is starting to peter out"in particular, believes that crypto is mostly liked by"fanciful young adults who like to play w/computers in their mother's basements." And now these people, according to the tweet, are losing interest in crypto as they are getting absorbed in another fad – artificial intelligence .
He referred to crypto as an"infatuation," stating that if you want to displace one infatuation, you merely need to come up with a new one, posting the Latin saying"successore novo vincitur omnis amor," which is literary translated as"all love is conquered by a new successor." The crypto fad is starting to peter out as many of those fanciful young adults who like to play w/computers in their mothers' basements are now getting enamored with AI.— Nassim Nicholas Taleb Founder of Good Soil Investment Emmet Peppers responded to Taleb ironically that crypto has been"petering out for a year+," but, he added, Bitcoin is still trading in the $30,000 area.
He stated that should many people"buy just a little bit for their portfolio" with the intention to hold for a long while as"insurance," Bitcoin should begin rising again eventually.
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