Truth Bomb Thursday – Debunking Myths + Reality Checks

🟠 TL;DR

Just because someone has a Nobel Prize doesn’t mean they understand Bitcoin.
Truth isn’t found in credentials. It’s found in open networks, working code, and unstoppable demand.

In 2023, Nobel Prize–winning economist Eugene Fama called Bitcoin:

“A bubble that’s going to go to zero.”

He’s not alone.

Paul Krugman said in 2013:

“Bitcoin is evil.”
Joseph Stiglitz added:
“It ought to be outlawed.”

Here’s why those critiques matter — and why they’re ultimately off base.

Why Economists Get Bitcoin Wrong

Mainstream economists operate in a world built on:

• Central bank control

• Debt-based GDP growth

• Fiat monetary policy

• Government-backed currency monopolies

So when Bitcoin shows up—decentralized, borderless, fixed supply—they reject it. Not because it doesn’t work, but because it doesn’t fit their assumptions.

It’s not a spreadsheet error.
It’s a paradigm error.

But Bitcoin Doesn’t Care

Bitcoin didn’t ask for permission. It just started running.

• El Salvador now holds over 2,500 BTC

• Public companies like MicroStrategy and Tesla have billions in Bitcoin reserves

• 100M+ people worldwide hold Bitcoin

• The protocol has never been hacked, censored, or corrupted

Fifteen years of uptime. Four brutal drawdowns. Hundreds of obituaries.
And yet… Bitcoin keeps rising.

Bubbles pop.
Bitcoin perseveres.

Could Bitcoin Still Go to Zero?

Only if the entire internet is permanently destroyed,
or every miner, node, and user simultaneously stops caring.

This isn’t academic theory—it’s game theory at global scale.
The incentive structure is too powerful to collapse by mistake.

And that’s something economists in ivory towers often underestimate.

Why the Skeptics Still Matter

Criticism forces clarity.
Skeptics challenge the narrative.
And Bitcoiners get sharper every time they do.

Fama may not hold Bitcoin.
But thanks to critics like him, the people who do are stronger, smarter, and more resilient.

👊 Shout out to BullishBTC.com — Helping you cut through legacy noise and stack with conviction.