Zero Interest Rates Creating Bubbles and 'Tumors Like Bitcoin,' Black Swan Author Is Doubling Down on $0 Price Target
Zero Interest Rates Creating Bubbles and 'Tumors Like Bitcoin,' Black Swan Author Is Doubling Down on $0 Price Target
Former Wall Street trader and author of "The Black Swan" has been a vocal critic of leading cryptocurrency $Bitcoin (BTC.CC)$ for several years and didn't hesitate to take more shots last week.
前華爾街交易員和《黑天鵝》一書的作者一直直言不諱地批評領先的加密貨幣$比特幣 (BTC.CC)$幾年來，他毫不猶豫地在上週投籃更多。
What Happened: Author and former options trader Nassim Taleb said many people don't understand how the economy works thanks to the current interest rate environment of the Federal Reserve.
發生的事情：作者和前期權交易員納西姆·塔勒布他說，由於美聯儲目前的利率環境，許多人不理解經濟是如何運作的。
I think that we've had 15 years – 14 and a half years – of Disneyland that basically has destroyed the economic structure. Think about it – no interest rates. So anyone who's say 40 years old has no experience in markets."
- Taleb said on CNBC's "Squawk Box."
我認為，迪士尼樂園已經運營了15年--14年半--基本上摧毀了經濟結構。想想看--沒有利率。所以說，任何40歲的人都沒有在市場上的經驗。
--塔勒布在CNBC的《Squawk Box》節目中說。
Taleb said people under 40, which includes Millenials and GenZ, don't know "what the time value of money is."
塔勒布說，40歲以下的人，包括千禧一代和GenZ，不知道“金錢的時間價值是什麼”。
Taleb argues that lowering interest rates too much could have a lasting impact on people and the economy.
塔勒布認為，過多地降低利率可能會對人們和經濟產生持久的影響。
Zero interest rate for a long period of time, you are hurting the economy, you are creating a bubble, creating tumors like Bitcoin."
在很長一段時間內實行零利率，你在傷害經濟，你在製造泡沫，製造位元幣這樣的腫瘤。
Taleb sees the price of Bitcoin continuing to fall, with an eventual loose target price of $0.
Taleb認為位元幣的價格將繼續下跌，最終寬鬆的目標價為0美元。
Bitcoin is still used, it's still at $20,000. It's not at, you know, at $1,000 or zero."
位元幣仍在使用，價格仍為2萬美元。你知道，它不是1000美元，也不是零。
Why It's Important: Taleb is the author of "The Black Swan," a book that is based on the concept of "black swan events," which are unpredictable events with massive impact.
為什麼它很重要：塔勒布是《黑天鵝》一書的作者，這本書的基礎是“黑天鵝事件”的概念，黑天鵝事件是具有巨大影響的不可預測事件。
The author was previously a supporter of cryptocurrencies, even urging people to use them to get around financial systems. Taleb had a change of heart and later did a reverse on his take and argued that cryptocurrencies could be worthless.
作者之前是加密貨幣的支持者，甚至敦促人們使用它們來繞過金融系統。塔勒布改變了主意，後來改變了看法，認為加密貨幣可能一文不值。
Taleb also complained about the customer support of cryptocurrency platform Coinbase Global (NASDAQ:COIN) and closed his account.
Taleb還抱怨加密貨幣平臺的客戶支持Coinbase Global(納斯達克：硬幣)，並關閉了他的賬戶。
In 2021, Taleb called Bitcoin a "failure" and also went on to say the leading cryptocurrency "has characteristics of an open Ponzi." Taleb argued that Bitcoin had no characteristics to make it a hedge against inflation, and instead was a "failed currency" and a Ponzi scheme.
在2021年，Taleb稱位元幣是一個“失敗”，並接著表示，這種領先的加密貨幣“具有開放龐氏騙局的特徵”。塔勒布認為，位元幣沒有使其成為對沖通脹的特徵，相反，它是一種“失敗的貨幣”和龐氏騙局。
For hedges against inflation, Taleb instead recommended buying land instead of Bitcoin.
為了對沖通脹，塔勒布轉而建議購買土地，而不是位元幣。
BTC Price Action: Bitcoin trades at $19,743 at the time of writing. The leading cryptocurrency is down 8.4% in the last week and down over 58% year-to-date in 2022.
BTC價格行動：在撰寫本文時，位元幣的交易價格為19743美元。這種領先的加密貨幣上週下跌了8.4%，2022年迄今跌幅超過58%。