DoubleTake, a Yaqeen podcast Muslims & Crypto: Will we fall behind? with Sh. Joe Bradford
Jun 15, 2022
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Missed Early Crypto Opportunity
- Joe Bradford shares frustration missing early Bitcoin opportunities due to cautious scholarly advice.
- Early warnings labeled Bitcoin a risky, black market tool, causing many Muslims to avoid it initially.
Why Crypto Fatwas Take Time
- Scholars delay crypto rulings due to its complexity and need to fully understand it first.
- Islamic rulings prioritize caution to protect individuals' afterlife interests, especially in new matters like crypto.
Permissibility and Initial Misinformation
- Base Islamic ruling is that things are permissible until proven otherwise.
- Early misinformation about Bitcoin's origins and use led scholars to take cautious stances.