Quote from: ven7net on August 16, 2021, 02:26:19 PM

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?

Yes, you are right, economists are against BTC as they are an element of another financial system, namely the dollar one. And in more detail, economists are part of the banking system, and BTC is part of the digital one, and at the moment there is a struggle for power between them, at least in the United States. This is why we can observe such a behavior of economists and others towards BTC and the entire crypto industry.

Yes, there are currently two financial systems. One is the existing US dollar-centric world monetary system, and it is also a group of vested interests. Most economists belong to this system. Another system is the booming Bitcoin currency system, which is a brand new currency system based on mathematical algorithms. It is a decentralized currency system. The new system is now revolutionizing the old system. In the process, it will definitely be suppressed by the old system.