Prateek Goorha And Andrew Enstrom

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Jul 12 2021

The Schumpeterian Bitcoin Cycle

There are countless elements in Bitcoin that structurally instill the process of Schumpeterian creative destruction into its ecosystem.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...

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