This is an opinion piece by Nozomi Hayase Ph.D., who has a background in psychology and human development.

The economic meltdown of 2008, with subsequent bank bailouts and a cycle of austerity, led to the weakening of the public’s trust in authorities and institutions. Bitcoin emerged as a response to this global crisis of legitimacy.

Now, more than a decade later, the economic damage created by the pandemic has triggered a further breakdown of the system. As the Federal Reserve’s endless money printing creates high inflation, Bitcoin continues to grow in popularity as a safe haven.

This is an opinion piece by Nozomi Hayase Ph.D., who has a background in psychology and human development.

The economic meltdown of 2008, with subsequent bank bailouts and a cycle of austerity, led to the weakening of the public’s trust in authorities and institutions. Bitcoin emerged as a response to this global crisis of legitimacy.

Now, more than a decade later, the economic damage created by the pandemic has triggered a further breakdown of the system. As the Federal Reserve’s endless money printing creates high inflation, Bitcoin continues to grow in popularity as a safe haven.