The famous American economist and trader Nassim Taleb remains optimistic about cryptocurrencies and believes that bitcoin “wins” in comparison with state currencies.
Taleb said that citizens of some countries, such as Lebanon, “lost faith” in state banking systems, so no one should ignore cryptocurrencies, as well as the history of bitcoin and blockchain.
“I understand that Lebanon is now in a situation of tight monetary control, but the government cannot control bitcoin. It is good because people do not believe in the Central Bank and its capabilities, ” Taleb said.
According to him, Bitcoin “wins” in comparison with state currencies, and the existence of cryptocurrencies not controlled by governments is a “great” thing.
“I am happy that we have cryptocurrencies. Of course, there are enough scammers in this industry, but when you see governments like Lebanon that launch state pyramidal schemes, you can decide for yourself what is better, ” Taleb said.
At the end of October, Taleb expressed the opinion that the suspension of banks in Lebanon could mark the imminent transition of citizens to the use of cryptocurrencies.
Technical analysis of Bitcoin (BTC):
Over the past day, the price of bitcoin broke through the support level of $6,500 and fell to the mark of $6,400. Now, the price of bitcoin is $6,400. We expect that bitcoin will jump to the resistance level of $6,700 or even higher. The nearest resistance levels are $6,500, $6,700, $7,000, $7,100, $7,160, $7,250, $7,400. The nearest support levels are $6,400, $6,200, $6,000.
Technical analysis of Ethereum (ETH):
Over the past day, the price of ethereum broke through the support level of $129 and fell to the mark of $116. Now, the price of ethereum is $120. We expect a technical rebound. The nearest resistance levels are $125, $129, $132, $138, $141, $143, $145, $146, $147, $150. The nearest support levels are $120, $116.
Technical analysis of Ripple (XRP):
Over the past day, the price of ripple fell to the support level of $0.1750. Now, it is $0.1780. We expect a technical rebound upwards. The nearest resistance levels are $0.18, $0.1870, $0.19, $0.2, $0.2040, $0.21. The nearest support levels are $0.1750, $0.16.
