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.
Because that’s not what they were thought. Economists see things differently, and the reason why some of them oppose Bitcoin is because they can’t see where the value is coming. They believe that since whatever value we are seeing there is there because someone says so, then it’s not real. They want it to have somewhere that the value is attached to, and not just a value that is there because people says so.
It makes them to feel that Bitcoin is scam. If you look at Bitcoin the value that we have now is there because of trust; the more we invest in it the more the value grows. So, most of them can’t come to agree with this. That’s what I feel is making a lot of them to believe in Bitcoin being legit. But, that shouldn’t be a problem for us since it is not meant for everyone.
Yes, you sum it up very well. Many economists can't see the value of Bitcoin. Let's not talk about the position they represent. The most basic thing is because they don't understand the source of Bitcoin's value. The source of Bitcoin's value is based on trust, based on the trust of more and more people in Bitcoin. They are willing to store their wealth in the form of Bitcoin.