Taleb Responds After Silver's Sharpest Drop Since 2020
Silver's tumble on Dec. 29 erased recent gains and sent ripples through markets, with the metal falling nearly 9% in its sharpest single-day decline since the pandemic panic of 2020. The collapse briefly shifted attention away from the usual Bitcoin-versus-gold/metal arguments, as traders and commentators scrambled to reassess where value and safety lie during episodes of sudden stress.
Nassim Taleb weighed in on the episode, using the rout to question comparisons that elevate Bitcoin over traditional stores of value and to highlight broader fragility in asset narratives. The move matters because such high-profile commentary can sway investor sentiment and reallocate flows between commodities and crypto, increasing short-term volatility and sharpening the debate over which assets truly provide shelter in turbulent markets.