Part 3/8:
The Four Phases of Technological Revolutions
The speaker outlines a structured framework composed of four distinct phases that identify how technological revolutions unfold:
Eruption Phase: This phase marks the initial curiosity and experimentation surrounding the new technology. During this time, Bitcoin was seen as a collectible asset, much like early computational inventions.
Frenzy Phase: This phase encapsulates speculation and heightened excitement, which Bitcoin entered recently. Here, Bitcoin's role as a "store of value" begins to solidify as institutional adoption surges.