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Dr. Jan Wüstenfeld
Dr. Jan Wüstenfeld|Aug 19, 2025 21:17
It is hard to understand something if you first have to unlearn what you have been taught and believed in your whole life. This makes it especially hard for traditionally educated economists, as Bitcoin turns this world upside down. Kenneth Rogoff, Professor of Economics at Harvard University and former Chief Economist at the IMF, is a perfect example of that. Even now, he doesn't get it. Instead of trying to understand why he was wrong, he attributes it to crime, tax evasion, and so on. Sure, the president and others close to him benefit from insider trading, pumping their own bags, etc., and I am going to be the first one to call that out, but that is not the primary reason why Bitcoin has been and remains so successful since its inception. In a world of ever-increasing debt levels, monetary expansion, high inflation, and economic and political shifts that are shaking the core foundations of the global economic, monetary and political order, a decentralised, global, neutral money with a fixed supply carries significant value. Those are the main drivers of Bitcoin's success and not the things Kenneth lists in his tweet.(Dr. Jan Wüstenfeld)
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