Nassim Nicholas Taleb, author of the book "The Black Swan", who used to be a supporter of Bitcoin (BTC) and later moved away from this idea, continues to criticize Bitcoin and cryptocurrencies. Sharing on his Twitter account, Taleb also criticized the word "crypto winter", which is used for long-lasting declines in cryptocurrencies.

crypto winter

The famous author disagrees with analysts who say that the declines in the crypto market are temporary and that the price of BTC and cryptocurrencies will rise after the current bear market. Referring to the period of glaciers, Taleb claimed that the crypto winter may not be temporary, but the so-called crypto winter may turn into an ice age. Taleb thinks that the declines in the so-called crypto winter will continue and some cryptocurrencies will disappear.

   "The journalistic expression "Crypto Winter" is highly deceiving; it implies seasonality and, perhaps worse, a reversion to some trend. No, your winter may not be transitory, & what you call winter may gradient into a permanent & inescapable ice age fraught with extinctions."

Latest Situation in Crypto Market

According to CoinGecko data, Bitcoin price was recorded as $21,101 at the time of writing, while the last 24-hour trading volume of BTC was $23,530,173,079. BTC price is up 2.3% in the last 24 hours.


Cryptocurrencies are also moving positively on the last working day of the week, after the positive course of yesterday. Crypto money markets, which started the day undecided, started to rise with the increase in demand that started in the afternoon. According to the current situation, the total cryptocurrency market cap has increased to $ 950 billion, while the last 24-hour trading volume remains relatively low compared to weekday transactions at $ 66 billion. Almost all of the top 100 cryptocurrencies continue to increase compared to yesterday's price levels. Cryptocurrency fear and greed index, on the other hand, remains at the level of 11, showing that the markets remain at the level of extreme fear.