Yuval Noah Harari, a distinguished historian and best-selling author, recently voiced his concerns about Bitcoin at the Bank of International Settlements (BIS) Innovative Summit 2024.
Consequently, Harari’s opinions received widespread criticism from the crypto community.
What Did Harari Say About Bitcoin?
Harari noted that while the future might lean towards electronic money, historical trust in banks and governments to manage monetary flow has fostered societal trust. He believes it is a good idea to give central banks and the government the authority to create money.
“When I look at Bitcoin, as a historian, I don’t like it because this is a money built on distrust. We don’t trust the banks, the governments, so we don’t want to give them the ability to create as much money as they like, so we create this Bitcoin,” Harari said.
