Inflation punishes the cautious as Bitcoin gives hope for the future – Jordan Peterson

The ability to save is an essential tool for self-regulation and planning for the future, but when inflation gets out of control, those who try to delay gratification are punished for their choice. Conversely, Bitcoin (BTC) does the opposite, according to clinical psychologist Jordan Peterson.

On the show titled What is Money ?, Peterson joined Bitcoin entrepreneur Robert Breedlove to talk about money and discuss the effects of fiat inflation on people who give up on instant gratification and how Bitcoin gives hope for the future.

According to Peterson, hyperinflation hurts those who work patiently and save for the future. He described these people as the “pillars of our society” and Peterson said that these people are vital to the safety and survival of civilization. She explained that:

You want to encourage people to believe in the future and make decisions that make delaying gratification morally commendable and intelligent. Inflation is hurting these people.

Peterson pointed out that with inflation distorting the market, one of the things that made him interested in Bitcoin is that there are no such distortions or interference. Cryptocurrency allows for a free market, according to the psychologist.

He also claims that BTC may be a device that will allow the company to adapt to what it describes as the horizon of the future. “It’s the only damn device we have. Unless you think central planners will take care of it. Good luck. It just won’t happen, “she said.

Peterson dived into Bitcoin in 2019 when he began accepting BTC donations after leaving the Patreon subscription platform due to free speech issues. The author of the 12 Rules of Life has also been trying to understand Bitcoin since 2021, inviting BTC supporters to his podcast and further exploring the cryptocurrency.

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