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.
前华尔街交易员和《黑天鹅》一书的作者一直直言不讳地批评领先的加密货币$比特币 (BTC.CC)$几年来，他毫不犹豫地在上周投篮更多。
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.
发生的事情：作者和前期权交易员纳西姆·塔勒布他说，由于美联储目前的利率环境，许多人不理解经济是如何运作的。
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."
我认为，迪士尼乐园已经运营了15年--14年半--基本上摧毁了经济结构。想想看--没有利率。所以说，任何40岁的人都没有在市场上的经验。
--塔勒布在CNBC的《Squawk Box》节目中说。
Taleb said people under 40, which includes Millenials and GenZ, don't know "what the time value of money is."
塔勒布说，40岁以下的人，包括千禧一代和GenZ，不知道“金钱的时间价值是什么”。
Taleb argues that lowering interest rates too much could have a lasting impact on people and the economy.
塔勒布认为，过多地降低利率可能会对人们和经济产生持久的影响。
Zero interest rate for a long period of time, you are hurting the economy, you are creating a bubble, creating tumors like Bitcoin."
在很长一段时间内实行零利率，你在伤害经济，你在制造泡沫，制造比特币这样的肿瘤。
Taleb sees the price of Bitcoin continuing to fall, with an eventual loose target price of $0.
Taleb认为比特币的价格将继续下跌，最终宽松的目标价为0美元。
Bitcoin is still used, it's still at $20,000. It's not at, you know, at $1,000 or zero."
比特币仍在使用，价格仍为2万美元。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.
为什么它很重要：塔勒布是《黑天鹅》一书的作者，这本书的基础是“黑天鹅事件”的概念，黑天鹅事件是具有巨大影响的不可预测事件。
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.
作者之前是加密货币的支持者，甚至敦促人们使用它们来绕过金融系统。塔勒布改变了主意，后来改变了看法，认为加密货币可能一文不值。
Taleb also complained about the customer support of cryptocurrency platform Coinbase Global (NASDAQ:COIN) and closed his account.
Taleb还抱怨加密货币平台的客户支持Coinbase Global(纳斯达克：硬币)，并关闭了他的账户。
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称比特币是一个“失败”，并接着表示，这种领先的加密货币“具有开放庞氏骗局的特征”。塔勒布认为，比特币没有使其成为对冲通胀的特征，相反，它是一种“失败的货币”和庞氏骗局。
For hedges against inflation, Taleb instead recommended buying land instead of Bitcoin.
为了对冲通胀，塔勒布转而建议购买土地，而不是比特币。
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价格行动：在撰写本文时，比特币的交易价格为19743美元。这种领先的加密货币上周下跌了8.4%，2022年迄今跌幅超过58%。