it's quite funny to see these boomers say that crypto is an asset that is unstable and unsafe to invest in, some even say that this is a fraud .. but on the other hand they seem scared of the increasing number of adopters of crypto and don't want their product (fiat) is losing its users.. if they believe that crypto is an asset that is not fit for adoption, why should they fear that adopters of crypto are increasing?? LMAO
If crypto is so unsafe it is not their problem, it is the investor's problem, why are they feeling concerned when they can't provide a better way for people around the world to get out of poverty and become financially free? These people are satan's general, they know how many people around the world will benefit from crypto that's why they hate it. There is always something about powerful people and the poor, they never want them to rise. Like Kiyosaki used to say "Keep them poor".
I strongly agree with you on this, a lot of income will be evenly distributed to those who can't afford it, but from this we also see concerns that if these crypto assets are released easily, the possibility that the biggest fear is that people will be deceived so that citizens the country they manage will suffer losses that can shake the country's economy, crypto-related matters must be limited to avoid that which is supported by proper regulations to maintain the continuity of this industry so that it is safe for its citizens.
Yes, even though the problem of risk is the problem of each individual who invests, but try to imagine if 200 million people from the total population of citizens in a country, and say 50% of that amount invest in crypto against coins like luna whose price drops to 99% which makes the 50% citizens lose and stress or other coins that don't give price returns so they sell at a loss, do you think that will affect the country's economy? if the number of investors is very massive.