Taleb believes cryptocurrencies and Artificial Intelligence are both “infatuation.”
Nassim Nicholas Taleb – the author of the book “The Black Swan” who is among crypto’s biggest critics – launched another bashing manifest against the asset class. He believes the mania surrounding bitcoin and the alternative coins have started fading out because young people have turned their focus toward Artificial Intelligence .In one of his recent tweets, Taleb claimed that the crypto hype is “starting to peter out” due to youngsters’ new passion: Artificial Intelligence . However, he was also not kind to the latter, describing it as an “infatuation” .
He concluded his post with the Latin phrase “successore novo vincitur omnis amor,” which is literary translated as “all love is conquered by a new successor.” The crypto fad is starting to peter out as many of those fanciful young adults who like to play w/computers in their mothers’ basements are now getting enamored with AI.— Nassim Nicholas Taleb