The Man Who Knew in 1999 That Bitcoin Would Appear

Milton Friedman, who made great contributions to the field of economics, because of the mindset Although he was subjected to many criticisms during his time, almost all of his predictions came true.

One of them is that no one believes in it, What he called “e-money” was crypto money. Let’s take a closer look at Friedman, who managed to influence the economic world with his timeless views.

First, let’s tell as much as we can about Friedman’s life, which we cannot fit into a few lines.

Born in 1912, Milton Friedman studied mathematics at university and was greatly influenced by his economics professors. He later changed his mathematics major and focused his graduate studies on economics. In different universities, Collecting income tax through withholding tax He made valuable contributions to the field of economics on subjects such as.

He was awarded in 1976 for his research on consumption analysis, monetary history and theory, and the complexity of stabilization policy. He was awarded the Nobel Prize in Economics. He retired a year after receiving this award, at the age of 65, but continued his studies in economics and economics throughout his life. He passed away from a heart attack in 2006 at the age of 94.

He was a master who wanted to share what he learned and created throughout his life with future generations.

The great master, who saw the world through numbers, was exposed to a lot of criticism for his liberal perspective, but his predictions were always correct. One of these is the theory that he put forward just before the beginning of the 21st century and which no one believed. were cryptocurrencies.

The futurist master was able to see the potential of the internet from those years. By eliminating taxes arising from the use of different currencies There will be a need for electronic money that will allow the world to connect he said. He also said that the internet is a major factor in reducing the role of governments by creating an e-currency to be used internationally.

What he envisioned was an electronic currency suitable for the platform of the future.

In a 1999 interview conducted by the National Taxpayers Union, Friedman spoke about what we call cryptocurrencies today. The first person to express this idea had happened.

“Transfer money from A to B, without knowing A and B, or without knowing B and A.” The economist who coined the sentence: An excellent example of a decentralized currency and emphasized that such a change in the monetary system was inevitable.

Friedman interpreted the change positively.

The order begins to change with the emergence of new technologies, that the world continues to evolve And in his opinion, it showed that he was following in the footsteps of a better life.

Thus, the world population would live as a free society, and companies would lose their power one by one because they would not have control over the production of this electronic currency. As it becomes more difficult for governments to collect taxes, worldwide a more stable income distribution it would happen.

If he had lived 3 more years, he would have seen his predictions come true.

Friedman in 2006 3 years after he passed away, The first cryptocurrency, Bitcoin, was launched by Satoshi Nakamoto. Unfortunately, the great economist, who is no longer in the world, could not see his predictions come true or even the freedoms he offered to people around the world.

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