Bitcoin for Millennials Business Professor: This Bitcoin Epiphany Shattered My Worldview | Richard Petty | BFM199
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Oct 23, 2025 In this engaging discussion, Dr. Richard Petty, an economist and AI researcher with extensive experience in Greater China, shares his fascinating evolution from Bitcoin skeptic to advocate. He highlights the cognitive biases that lead experts to dismiss disruptive technologies like Bitcoin. Richard explores its societal implications, compares it with generational wealth shifts, and warns of the technological tsunami we face. He emphasizes the importance of curiosity and adaptability, illustrating how Bitcoin serves as a hedge during economic transitions.
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Why Smart People Miss Bitcoin
- Many experts stay dismissive of Bitcoin because they are busy and anchored in legacy financial thinking.
- Richard Petty realized immersion and investment forced him to re-evaluate long-held macroeconomic assumptions.
Vegas Epiphany Changed His View
- Richard recalls an epiphany in Las Vegas after listening to experts and reading recommended material.
- That immersion converted him from dabbling to serious study and longer-term conviction in Bitcoin.
Fiat Expansion Sparks Demand For Alternatives
- Massive monetary expansion (e.g., ~40% increase in US dollars during COVID) reveals structural flaws in fiat systems.
- Bitcoin and gold attract capital as alternatives because people fear long-term debasement of fiat assets.
