Lebanon Banks' Shutdown Is `Most Potent Case' for Crypto: Nassim Taleb

Following civil unrest, banks everywhere closed their doors. Six working days later, a senior banking executive said the status quo would continue until conditions improved.

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For well-known Lebanese statistician, former trader and author of "The Black Swan," Nassim Nicholas Taleb, the government's policy was enough to directly endorse cryptocurrencies such as Bitcoin. "The most potent case for cryptocurrencies: banks are never there when you need them," he summarized in a tweet.