Nassim Taleb: NFT market will burst amid Fed rate hike
Philosopher and author of the cult work “The Black Swan” Nassim Taleb said that the market for non-fungible tokens will burst amid tightening of the Fed’s monetary policy policy.
The NFT thingy is starting to burst. All you need is higher interest rates for things that make no sense to start making no sense.
“Jack Dorsey Tweet NFT Once Sold for $2.9 Mil, Now Might Fetch Under $14K”.
— Nassim Nicholas Taleb (@nntaleb) April 16, 2022
In response to Taleb’s statement, blogger Matin Soudagar emphasized that these conclusions are “based on headlines” and not supported by real facts.
The fundamental problem with takes based off headlines is you have 0 perspective on NFT history.
– Been a thing since ~2014
– Thrived during crypto bear market, (2018-2020),
– Thrived during pandemic
– Thrived during crypto turbulence
More to this than Jacks tweet listing.
— Matty (@DCLBlogger) April 16, 2022
“The fundamental problem with header-based inference is that om that you have no perspective on the history of the NFT. [The sector] has been around since 2014, flourished during the bear market (2018-2020), flourished during the pandemic, flourished during the turbulence in the industry. This is more than Jack’s tweet,” Soudagar wrote.
Earlier, Taleb criticized bitcoin and called it “the perfect game for losers” in a low interest rate environment.
Recall , the head of Amazon, Andy Jesse, admitted the possibility of selling NFTs on the platform of the corporation in the future.
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