The discussion about Bitcoin's value has intensified following criticism from economist Nassim Taleb, highlighting disagreements among experts.
Taleb Critiques Bitcoin
Nassim Taleb, a well-known economist, has reiterated his disagreement with Bitcoin, labeling it a failed currency. He pointed out that the uncontrolled nature and unstable prices make the digital asset unsuitable for preserving money value. According to Taleb, Bitcoin lacks real economic worth, as it does not demonstrate effective capabilities during market downturns.
The Clash Between Taleb and Peterson
Recently, Taleb engaged in a dispute with Canadian psychologist Jordan Peterson, who claimed Bitcoin could serve as a financial alternative amid the decline of cash. Peterson made his remarks in response to news that major Australian bank ANZ plans to limit cash withdrawals. Taleb responded critically, warning against following Peterson's recommendations and accusing him of being part of the so-called 'Bitcoin cartel.'
Cash Transition in Australia and Cryptocurrency Interest
Australia's ANZ bank announced it will reduce cash withdrawal services and decrease its number of ATMs. Critics argue this decision could negatively impact older individuals and people with disabilities. Meanwhile, interest in Bitcoin continues to rise in Australia. An Independent Reserve survey found that 92% of Australians are aware of Bitcoin, with 25% holding cryptocurrency assets. Peterson’s comments reflect the growing trend of exploring digital alternatives amid such banking transitions.
Discussions concerning Bitcoin continue to evolve against the backdrop of significant changes in the banking sector and critical remarks from prominent economists. The positions of the parties remain divided.
