Nassim Taleb Says Jordan Peterson Is Part of the “Bitcoin Cartel”

The author of “The Black Swan”, Nassim Nicholas Taleb, has claimed that Jordan Peterson, a famous Canadian psychologist and author, is under the control of the “Bitcoin cartel”.

Peterson recently expressed his support for the flagship cryptocurrency. In a retweet related to the end of cash withdrawals at major Australian banks that led to the issuance of the Central Bank Digital Currency (CBDC), he said Bitcoin solved the problem of programmable CBDC.

Taleb no longer likes Bitcoin

Taleb alleges that Peterson has promoted Bitcoin and other cryptocurrencies as part of a conspiracy orchestrated by the so-called Bitcoin Cartel, a powerful group of investors who manipulate the price of Bitcoin and other cryptocurrencies.

Taleb further claims that Peterson is being used as a tool by this group to advance their agenda.

To know,

“I didn’t feel compelled to jump in and explain that Peterson talking about finance is a little less sophisticated than a committee of antivaxx Canadian truckers lecturing about quantum field theory. But I must warn the young victims that Peterson is owned by the Bitcoin cartel. »

As a psychologist and author, Peterson may have valuable insight into human behavior and decision-making.

However, Peterson’s enthusiasm for Bitcoin is questionable as there is a credibility gap between his statement and his deep understanding of the markets, according to Taleb.

Not a realistic view

Nassim Nicholas Taleb’s stance on Bitcoin and other cryptocurrencies is somewhat mixed. He has been critical of Bitcoin’s volatility and lack of regulation in the past, calling it a “failed currency experiment.”

However, he has also acknowledged the potential of Bitcoin as a decentralized currency, stating that “Bitcoin is the beginning of something big: a currency without a government, something necessary and imperative.”

Nassim Nicholas Taleb is a famous writer, but he has also been known to make provocative statements and use provocative language. This has led to criticism from some members of the public and other professionals in various fields.

In a separate statement, he harshly criticized the Lex Fridman podcast and declined an invitation to appear as a guest.

This led Charles Hoskinson, the founder of Cardano and co-founder of Ethereum, to react angrily to Taleb’s comments, branding him an “arrogant piece of human garbage”.

Talk about the Bitcoin cartel

The crypto community is diverse and opinions about Bitcoin and other cryptocurrencies vary widely. Bitcoin has been a topic of discussion for years, with some calling it a revolution and others calling it a form of manipulation.

While there may not be a formal cartel that controls Bitcoin, there are certainly large players in the market that have a significant impact on prices like whales.

Whales are individuals or organizations that hold large amounts of Bitcoin and can use their holdings to influence prices. If a whale decides to sell a large amount of Bitcoin, it can cause the price to fall, while buying can cause the price to rise.

Another factor that can affect Bitcoin prices is the behavior of miners. Bitcoin miners use powerful computers to solve complex mathematical problems, and they are rewarded with new Bitcoins for their efforts.

However, the cost of mining can be high and miners may decide to sell Bitcoins to cover their expenses. This can push prices down.

Taleb’s “attack” against Peterson has sparked controversy in the crypto community. Not everyone agrees with Taleb’s assessment.

Many Bitcoin supporters argue that the decentralized nature of the largest cryptocurrency makes it impossible for one group to control it. They point out that Bitcoin is based on a public ledger called the blockchain, which is maintained by a network of users around the world.

Transactions are verified by these users, not by a central authority, making it difficult for anyone to manipulate the system.