John Haar writes:
People in traditional finance are generally not supportive of Bitcoin for some combination of the following reasons:
They do not understand the history or fundamentals of money;
They have spent almost zero time researching Bitcoin, and they simply repeat the objections they have heard in the mainstream media;
They’ve been conditioned to believe that government central planning, both fiscal and monetary, is necessary for an economy’s growth and stability;
They are high performing consensus followers rather than independent thinkers;
Their world view is entirely focused on developed countries which have not experienced a currency crisis or a totalitarian regime in recent memory; and
They want to keep the current system going, where simply saving money is not an option and it must instead be invested.
Numbers 1-5 are incredibly common. Number 6 is less common, because it implies an understanding of sound money.
https://www.swanbitcoin.com/how-legacy-finance-perceives-bitcoin/
#bitcoin #soundmoney #finance #btc #legacy