Psychologist Jordan Peterson: Bitcoin gives hope for the future

He believes that the first cryptocurrency, unlike inflation, does not distort the market

03.08.2022 - 15:30

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What’s new? Jordan Peterson, a professor of psychology at the University of Toronto, said that “inflation punishes the prudent, but bitcoin gives future hope.” He noted that he was interested in the first cryptocurrency because, unlike inflation, it does not distort the market. Peterson talked about the impact of fiat and bitcoin on people on the YouTube podcast “What's Money?”

YouTube podcast “What is Money?”

What else did Peterson say? The psychologist called people who are able to work patiently and save for the future “pillars of our society” who are vital to the security and survival of civilization. He added, however, that inflation hurts them in an environment where it is considered more prudent to put off meeting one's own needs for later.

Peterson suggests that BTC will create a free market, and may also be a means for society to adapt to what he describes as “the horizon of the future.” Centralized regulators, he believes, will not be up to the task.

Jordan Peterson is a Canadian clinical psychologist, professor, writer and blogger. Peterson began accepting bitcoin donations in 2019 after he left the Patreon platform because of free speech issues. Since 2021, he has invited BTC supporters to his podcast to explore the cryptocurrency.

Earlier, Michael Saylor, former head of analytics software company MicroStrategy, called gold “dead money” and compared bitcoin to royal real estate.

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