Jordan Peterson suggests it’s time to ‘scrap banks’ and use Bitcoin

Jordan Peterson suggests it’s time to ‘scrap banks’ and use Bitcoin

Dr. Jordan Peterson — a best-selling author and well-known Canadian psychologist, with over 4.6 million followers on X — sparked a debate on September 14, about the ‘unbanking’ movement and Bitcoin (BTC) being a tool to “scrap banks”.
Notably, Peterson’s post was made in response to Australian news regarding Macquarie Bank’s branches moving to “scrap cash, cheque, and phone payment services.”

Maybe it’s time to scrapBanks
CouldBitcoin fix this? https://t.co/j6wldXMv7P
— Dr Jordan B Peterson (@jordanbpeterson) September 14, 2023

Australia is not the only country looking to end (or scrap) the use of physical cash or other non-centralized means of exchange. In most European countries, the use of cash is already limited to smaller transactions, and Nigerian banks also have low cash withdrawal limits on their ATMs.
In this context, Jordan Peterson suggested that people should stop using banks and asked if Bitcoin can “fix this”, as it can be the alternative tool

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