I’ve been involved with Bitcoin and other cryptocurrencies for almost five years now. In that time I’ve noticed among Catholics a hesitation to embrace this new technology.
Some of that hesitation comes from ignorance or misinformation. For example, many Catholics believe that cryptocurrencies like Bitcoin are simply tools for criminals and terrorists, even though, like all money, they are used for both moral and immoral purposes.
But I also think some hesitation comes from the very nature of cryptocurrencies themselves. In essence, these new technologies seem anarchic while the Catholic Church is the opposite: it’s a centralized, strictly governed institution. How can someone support both at the same time?