Post
Topic
Board Bitcoin Discussion
Re: Why some millionaires hate Bitcoin?
by
owengtam09
on 06/07/2021, 13:59:53 UTC
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? Huh
I know someone that they believe that bitcoin is a scam which is not because they said that they lose money of about almost $14,000. Why do they say that? Because they just put their money with those scammers (people) and not in bitcoin itself. They don't actually know how to buy bitcoin with their money. If only they know-how and they know the cryptocurrency well, for sure they will put a lot of their money into it and support bitcoin.