2min chapter

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Worldview — the power of central banks

Engelsberg Ideas Podcasts

CHAPTER

The Rise of Cryptocurrency

In a crisis, which form of money has trusted more and is the authority of the state trusted more than crypto? Well, some of us thought this would always be the case, but it's the state that is trusted more. That introduces all sorts of problems which we can talk about as well. But I think it is part of a shift, which I think is regrettable in certain ways, but towards a more collectivist, status era. You just come out of a pandemic. We're in a war era. And when those things happen, the state tends to get more powerful, not less. It keeps coming back every 10, 20 years through human history, through the development

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