CandleFocus Bitcoin Critic “Black Swan” Author Praises Gold as Central Banks Stacking It
2024-09-11
Author: Content Editor
Renowned author Nassim Taleb took to his social media platform to praise gold and discuss the ongoing de-dollarization in the world. He pointed out that central banks, particularly in the BRICS countries, have been storing their reserves in gold despite trade settlements still being labeled in US dollars. He highlighted that gold has surged by approximately 30% year-on-year. Taleb, who was once a Bitcoin supporter, has turned into a critic due to its high volatility. He is currently working on a book called "The Lydian Stone" that explores human confusion with sequences and relates to the arrow of time and entropy.
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