While writing this post, Bitcoin is approaching the $12,000 mark, again.
Willy Woo has published an analysis showing that the number of bitcoin users doubles every 12 months. Sounds familiar? Because this is the characteristic of exponential growth.
When exponential growth is based on a massive transformative purpose, then disruption is unavoidably going to happen. And here’s this purpose as wisely stated by @ErikVoorhees on November 28, 2017:
Why does Bitcoin keep growing? Because it’s time to separate money and state.
Naturally, somebody who has been working decades in the same industry doesn’t like disruption. It devalues their knowldege and experience, undermines the standing they are used to. So it is no surprise that Nobel laureates Stiglitz and Shiller are not fans of bitcoin & co.