This Nobel Prize-winning economist predicted Bitcoin 30 years ago
Although cryptocurrencies like Bitcoin (BTC) have existed for nearly 15 years now, the idea of their existence was born long before, as evident from the statements made by the late Nobel Prize-winning economist Milton Friedman in an interview published 30 years ago. Specifically, Friedman, who won the 1976 Nobel Memorial Prize in Economic Sciences for research on consumption analysis, monetary history and theory, and the complexity of stabilization policy, praised the invention of the internet back in 1993 in a video shared by the X user DocumentingBTC on September 21. Nobel Prize winning economist Milton Friedman predicted #bitcoin 30 years ago.pic.twitter.com/rLRmXSlBqq — Documenting ₿itcoin (@DocumentingBTC) September 21, 2023 As it happens, crypto analyst Dennis Parker originally shared the video back on February 3, 2018, when the interview itself was about 25 years old. As the famous economist explained at the time: “The internet is going to make it very diffic...