Nassim Taleb Says NFT Market Will Burst Amid Fed Rate Hike

Philosopher and author of the cult work “The Black Swan” Nassim Taleb has said that the market for non-fungible tokens will burst amid tightening of the Fed’s monetary policy policy.

In response to Taleb’s statement, blogger Matin Soudagar has emphasized that these conclusions are “based on headlines” and not supported by real facts:

“The fundamental problem with header-based inference is that you have no perspective on the history of the NFT. The sector has been around since 2014, flourished during the bear market (2018-2020), flourished during the pandemic, flourished during the turbulence in the industry. This is more than Jack’s tweet.”

Taleb has previously criticized Bitcoin and called it “the perfect game for losers” in a low interest rate environment.