Quote from: AicecreaME on July 15, 2021, 11:13:52 AM

Quote from: RainbowKun on July 08, 2021, 03:18:23 AM

With the increasing influence of Bitcoin in the world, more and more people are supporting and approving Bitcoin. Few mainstream media can directly say that Bitcoin is a scam. However, there are still many opinions saying that Bitcoin is a bubble, and this bubble will eventually burst. Many mainstream economists hold this view. They always oppose Bitcoin for different reasons. Economists are scholars who study economics. They have knowledge and social status far beyond ordinary people. Logically speaking, they should be more able to see the value contained in Bitcoin. Why are some economists always opposed to Bitcoin?

In my opinion, this is determined by the interests they represent. Many economists currently do not live independently. They need to depend on the government to survive. They need to help the government formulate various economic policies, financial policies, and monetary policies, so their starting point and interests must represent the government's will and interests. Therefore, in their world, the status of legal tender must be the most important and correct. On the contrary, they have forgotten the demands of the people and the interests of the people. Bitcoin stands on the side of the people, allowing the people to obtain their own asset freedom, and naturally stands on the opposite side of some economists.

This is my point of view, what do you think of this?

Here is the list of reasons that I think cause mainstream economists oppose bitcoin:

1. Economists are sponsored by the government to study economics and they are obliged to follow some sort of instruction that could gain and win the citizens' heart, in favor of course, to the state.
Maybe the economists that we keep on seeing opposing and invalidating the victories of bitcoin are allied of the state that is against cryptocurrency community. With this, they just have to follow their higher ups command that is to negate the positive claims in using bitcoin, so that they would look superior and people will not be enticed to enter crypto world.

2.These kind of economists follow the old teachings, hence, aren't open-minded about what bitcoin has to offer.

Like what they often say, you can't teach an old dog new tricks. Maybe this applies to them. Some people have the tendency to be stubborn because they are confident enough that they know it all. They don't want to view things from a different angle. They don't want to discover and try new things. What they have learned and knew before, they will apply it up until the present, disregarding the updated facts and additional information.

3. Economists don't really care about the needs and disposition of the people.
Economists are not financial advisors and they do not aim to help us achieve our aspirations such as climbing the top. They are in it for money, to serve the well-being of the state and not the citizens. Maybe they are opposing bitcoin for a reason of not wanting the majority achieve financial freedom and financial independence. Because if that thing happens, the people will be completely free of what they will say. People will not mind their prediction because they have proven that bitcoin has indeed a lot of benefits and can really save them to a lot of troubles.

These three summaries of yours are very good and very systematic. I believe many friends have similar views. Nowadays, many economists are more defenders of the old economic and financial system. They are employed by the government and naturally stand in opposition to ordinary working people.