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?
hello sir, I think the reason they hate bitcoin is that most of the speculation is very high, and the rich people are not sure about the benefits that bitcoin gives because they know that very high speculation will not stabilize the price and they are not interested in crypto because of the dangers very high speculation itselfThoughts?