• Sat. Jan 28th, 2023

Sam Bankman-Fried Got ‘Temporarily’ Rich As He’s ‘Aggressive,’ ‘Clueless’ About Finance: Black Swan Author – FTX Token (FTT/USD), Bitcoin (BTC/USD)

ByShivdeep Dhaliwal

Nov 10, 2022
Sam Bankman-Fried Got 'Temporarily' Rich As He's 'Aggressive,' 'Clueless' About Finance: Black Swan Author - FTX Token (FTT/USD), Bitcoin (BTC/USD)

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.”

See Also: Best Cryptocurrency Exchanges 

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.

Read Next: ‘Black Swan’ Author Likens Bitcoin Backers To ‘Covidopaths’ And ‘Trumpobarbarians’

Image and article originally from www.benzinga.com. Read the original article here.