The Schumpeterian Bitcoin Cycle

The Road Ahead

Bitcoin embodies Schumpeterian Creative Destruction. Bitcoin also behaves like a physical natural resource, with unique differences that make it a driving force for effecting fundamental change, much like gold, oil or electricity has done.

Bitcoin goes through periodic cycles of varying lengths…

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Prateek Goorha

Social scientist interested in the economics of innovation. Part-time author. Full-time blockchain explorer.