Benzinga - Sam Bankman-Fried, the founder of beleaguered FTX and Alameda Research, was in the crosshairs of the author, mathematical statistician, and former options trader Nassim Nicholas Taleb.
What Happened: The "Black Swan" author tweeted Bankman-Fried "got *temporarily* rich because he is [both] aggressive AND clueless about finance."
Sam Bankman-Fried got *temporarily* rich because he is BOTH aggressive AND clueless about finance. https://t.co/GR5yvmYOBj— Nassim Nicholas Taleb (@nntaleb) November 10, 2022
Taleb shared a video from Bloomberg in the tweet titled "How to convert crypto skeptics" in which Bankman-Fried can be heard saying, "I think that people who are skeptical of digital assets look at this as evidence that there is nothing there."
He said they are "presupposing a case where there is nothing there."
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Why It Matters: In a separate tweet, Taleb said he's never "erroneously called a fraud" though he has made a "few temporary mistakes in the opposite direction."
He said he was initially fooled by Bitcoin (CRYPTO: BTC) but "quickly corrected."
ASYMMETRYSo far I've never erroneously called a fraud (person, company, industry*), though I have made a few temporary mistakes in the opposite direction*, w/initial presumption of legit
* Was initally fooled by bitcoin, psychologists (@ptetlock, @sapinker) bt quickly corrected
— Nassim Nicholas Taleb (@nntaleb) November 10, 2022
Earlier in the week, Taleb said there was no "liquidity" crisis in cryptocurrencies as those are reserved for something that has hard intrinsic value.
Read Next: ‘Black Swan’ Author Likens Bitcoin Backers To ‘Covidopaths’ And ‘Trumpobarbarians’
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