It seems to me that many rich people are afraid of the unpredictability of cryptocurrencies. This market can only attract speculative capital. Perhaps last year we saw a massive entrance of speculators. In December, they began to leave bitcoin and now we have returned to the real price of bitcoin which does not meet our expectations.
They have no saying if they aren't informed at all. The problem of BTC and other cryptos is that people don't know about their existence and those who know lack fundamental knowledge. They start hearing about decentralization and anonymity and their brains turn off.
I'd like every single person in the world to hear about it and get to hear smart explanations, like the ones by Andreas Antonopoulos, and then make up their minds if they like it or not. It's understandable if someone is scared, but they should at least understand what it is before they start being scared.