“Black Swan” author Nassim Taleb

by James · September 1, 2022

Yuri Molchan

Popular expert trader and mathematician trolling founder of Digital Currency Group about Bitcoin

Author of near-iconic books “Black Swan” and “Antifragile,” philosopher and former options trader and risk analyst Nassim Nicholas Taleb has taken to Twitter to take a swipe at the crypto billionaire who founded Digital Currency Group and its subsidiary, Grayscale – Barry Silbert.

Taleb stated that Silbert is still waiting for Bitcoin to reach the $100,000 level on the charts.

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“Barry Silbert still expects Bitcoin to hit $100,000”

Nassim Taleb sarcastically tweeted that the founder of Digital Currency Group still expects the leading cryptocurrency to rise to $100,000.

Taleb posted a screenshot of Silbert joking that he is looking forward to selling Bitcoin for $100,000 to the author of “Black Swan,” who has become a Bitcoin skeptic over the past couple of years.

“Bitcoin would still be a failure even if it reached $100,000”

In March of this year, Taleb opined on his Twitter page that even hitting $100,000 would not help Bitcoin, as it would remain “a failure” even if it reached that high price mark.

The risk analyst believes that BTC has proven that it is not good as an inflation hedge. Earlier, U.Today reported that, according to Taleb, the current “crypto winter” may well turn into a “full ice age.”

Barry Silbert, on the contrary, has always been a Bitcoin believer and BTC investor, founder of the two major crypto companies mentioned above.

Bitcoin trading in $19,700 zone

Since August 26, the leading crypto has been trading below the $20,000 level. BTC fell below the crucial support level after the head of the Federal Reserve, Jerome Powell, gave a speech, saying that the US central bank intends to maintain its hawkish stance regarding handling the current inflation spike.

Currently, BTC is holding more than 70% below the historic peak of $69,000 reached last November.

The last time the flagship crypto was seen below $20,000 was in 2020, when the pandemic started in the eastern part of the globe and then spread around the rest of it, causing lockdowns and massive money printing in the United States (where over $6 trillion in cash was injected into circulation ), in the EU, Japan and other countries.