Black Swan author: Markets are near the point of collapse and I am trying to protect my money.
#BinanceBlockchainWeek
In an interview with Bloomberg, the author of "Black Swan," a popular book that deals with the risks associated with unexpected events, expressed his concerns about the current situation.
He noted that the current environment is similar to previous collapses, adding that he is trying to prepare for such an event.
He said: "There are a lot of risks that are accumulating." âMy goal now is to protect myself from the possibility of a market crash, because we are now more fragile than we have been in the past 20 or 30 years,â he added. Volume, in monetary terms, represents the value of buying and selling transactions over a given period. The combination of rising price and volume indicates growing interest and liquidity, which often leads to further price increases. Will prices continue to rise? #BinanceTurns7 Or will we witness the dot-com bubble burst?
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