Did 'Black Swan' Author Nassim Taleb Go Short On Bitcoin? Here's What He Says

Nassim Nicholas Taleb, the author of "The Black Swan," took to Twitter on Wednesday to respond to accusations claiming that he had made an error in evaluating the Bitcoin BTC/USD market.

What Happened: The accusations stemmed from a tweet by another user who posted excerpts from an interview with Taleb, in which he allegedly admitted to making a mistake by going short on Bitcoin. 

However, Taleb defended himself by stating that his strategy was based on the passage of time, betting against Bitcoin from mid-2021 to late 2022.

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In his tweet, Taleb stated that the critic shared certain traits with “antivaxxers” and “Covidopaths,” such as the inability to acknowledge the passage of time’s existence. 

In March, Taleb criticized former Coinbase Global Inc. COIN CTO Balaji Srinivasan‘s Bitcoin trade, which the latter structured based on the belief that the cryptocurrency's price could surge up to $1 million in 90 days due to the rapid devaluation of the dollar. Taleb had raised a question on Twitter, asking how the trade could be used as an arbitrage opportunity.

Price Action: At the time of writing, BTC was trading at $30,106.61, up 0.52% in the last 24 hours, according to Benzinga Pro.

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