Midas Trend|Jan 04, 2026 07:51
Must-read for Bitcoin holders—*Narrative Economics* by Nobel Prize-winning economist Robert Shiller, published in Chinese in 2020.
In the book, Shiller discusses Bitcoin: Bitcoin is one of the most successful examples of narrative economics. It has incredibly strong contagious power—spreading from one to ten, then hundreds. Once someone 'catches' the Bitcoin 'bug,' it's hard to recover (or leave Bitcoin).
The book repeatedly emphasizes that technological innovation alone is far from enough to achieve success. It must be paired with a compelling narrative that can spread widely and bring more and more people into the fold...
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