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.”
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 BTC/USD but “quickly corrected.”
Earlier in the week, Taleb said there was no “liquidity” crisis in cryptocurrencies as those are reserved for something that has hard intrinsic value.
Image and article originally from www.benzinga.com. Read the original article here.