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?
As I understand it Warren Buffet probably "dislike" crypto currency as he "dislike" investing in gold. These investments are zero sum games, they don't create value. The rise in value of crypto currency and gold is just the result of offer and demand competition and may vanish in a snap the next day. It's just an investment policy.Thoughts?