Jordan Peterson Warns Against “Rampant Enthusiasm” for BTC

Reading Time: < 1 minute

Philosopher and professor of psychology at the University of Toronto, Jordan Peterson, has called at the Bitcoin 2022 conference in Miami the leading cryptocurrency revolutionary, but causing concern, The Block reports. He has said:

“The idea of ​​a decentralized monetary system is a revolutionary idea. The more I think about it, the more I get worried.”

As a sociologist, Peterson worries about getting money out of the control of the political system. According to him, new ideas can bring unforeseen consequences, not only positive ones. He has explained:

“We have no idea what would happen if money became truly decentralized. If we manage this, let’s say Bitcoin gets the upper hand. Is it irreversible? Is it forever?”

The philosopher has said that he does not criticize digital gold and is not pessimistic about it, but rather cautious.