Some wealthy people have expressed their disdain towards Bitcoin. They believe Bitcoin is a scam or Ponzi scheme backed by nothing. Figures like Warren Buffet, and even Donald Trump himself believe Bitcoin is a sham. I'm surprised to see this, since Bitcoin brings many profit opportunities to its "hodlers". For some reason, millionaires (or billionaires) hate Bitcoin. They usually support Gold and Fiat, not wanting to try something new like crypto/Blockchain tech. Justin Sun tried to convince Warren Buffet to get into crypto a while ago, only to find that his efforts were in vain.
Thoughts?
Thoughts?
I mean they have different reasons why they don't trust or just don't like bitcoin, but I just don't believe that this millionaire doesn't even invest a single penny to bitcoin at least they might try it or gamble some for sure.
The profit is high just investing a few million dollars would not hurt for some of these people, all of the business has its own risk so investing in bitcoin or cryptocurrency would make sense but I mean yeah, maybe not.
These millionaires have big businesses that already earn a big amount of profit so maybe they just don't understand bitcoin technology or just don't think that bitcoin has what it takes plus its risk.