Bitcoin (BTC) has once again found itself under the spotlight, this time because of an ominous warning from renowned author Nassim Nicholas Taleb, best known for his work “The Black Swan.”
The author, who has long been skeptical of cryptocurrency, took to social media to voice his concerns about the declining volume of Bitcoin and its potential consequences for the market.
Taleb pointed out that Bitcoin’s trading volume has experienced a significant decline of over 85% from its peak. He highlighted the potential dangers of this trend, suggesting that as trading volume diminishes, the susceptibility to market manipulation increases.
With fewer participants actively trading, it becomes easier for market manipulators to exert influence, distorting the natural price discovery mechanism.
When I said pple lost interest in bitcoin, it was based on this: BTC Volume is slowly disappearing, down >85% from the peak.
As volume drops,…
