At the Bitcoin 2022 conference in Miami, Jordan Peterson, philosopher and professor of psychology at the University of Toronto, described the first cryptocurrency as revolutionary, but it caused concern. Reported by The Block.

“The idea of ​​a decentralized monetary system is a revolutionary one. “The more I think about it, the more I worry.”

As a sociologist, Peterson worries about taking money out of the control of the political system. According to him, new ideas can bring not only positive, but also unpredictable results.

“We have no idea what will happen if money becomes truly decentralized. If we can achieve that, let’s say bitcoin takes the lead. is it irreversible? Forever?” Peterson explained.

The philosopher said that he does not criticize digital gold and is not pessimistic about it, but rather cautious.

“I do not recommend that you do anything as a result of this warning. I’m just saying that the unbridled enthusiasm is based on the assumption that the new system will only do good. That makes no sense,” said Peterson.

In his speech at the same conference, PayPal co-founder Peter Thiel listed Bitcoin’s biggest enemies and described legendary investor Warren Buffett as a “sociopathic grandfather.”

During the event, Galaxy Digital founder Mike Novogratz sought the condition for the further growth of the first cryptocurrency. According to him, the entity will “take off” as soon as possible. fed will stop tightening monetary policy.

Recall that in November 2021, Peterson said he bought “some more bitcoin” after speaking to economist Saifedin Ammous on his podcast.