Why Bitcoin is so hard for traditional economists and investors to understand.

I have been working in finance for the last 15 years, with a background in applied economics and I didn’t have my Bitcoin epiphany until last year. When I first heard about Bitcoin, I dismissed it immediately with the same tired Dutch tulip bubble critique. As you are well aware, this is literally always the go to example used by detractors.On the surface, it’s not that hard to understand why this is their initial reaction. Think of all the barriers that one has to cross: what exactly is the technology behind it, what if it gets hacked, price volatility, government bans, use case, bad actors (Mt. Gox), environmental impact, and other various FUD. Then once you get past that - you have to learn about exchanges, wallets, private keys, self custody, mining process, halving, hard forks, hash rate, etc. Honestly, it takes an exhausting amount of learning to even come to an informed decision on Bitcoin. But in my experience, when someone takes the time to peel back all these layers, they almost always reach the Bitcoin singularity and then there is no going back.My Bitcoin journey was borne out a simple math problem of world wide governmental spending and how quickly that is going to catch up with us. When just looking at the US government’s baked CBO projections and adjusting for their historical inaccuracies, you see an inflationary situation unfolding of 10% or more year over year, starting in about 8 years. This calculation was done before all the covid spending, which is obviously going to accelerate that timeline.Bitcoin is so much more than an investment and it’s hard to categorize it as just one thing. It is truly a revolutionary technology that will be looked at as an instrument that helped push economics into a new plane of existence. I can’t stress to people how revolutionary it is for a monetary policy to be controlled autonomously by math. That’s it, rant over and enjoy your Sunday. via /r/Bitcoin https://bit.ly/3xq2SeD