Foucault And The Misdiagnosis Of Bitcoin

Bitcoin recently surpassed the $50,000 mark. The moment was both historic and telling. It was also incredibly sweet. Bitcoin has not only proved doubters like Paul Krugman wrong, it continues to grow in influence and importance. 2021 may very well prove to be the year that bitcoin becomes death, destroyer of fiat.

The $50,000 mark was especially sweet because Satoshi’s creation has been misdiagnosed for years. If French philosopher Michel Foucault, a man who knew a thing or two about misdiagnoses, was around today, what would he have to say about Bitcoin?

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