Recently, he expressed his frustration about his teacher and classmates labeling bitcoin as a ponzi scheme or a scam each time he talks about it. I'm seeking a variety of advice that I can offer to my nephew in this situation. Although his father suggested that he should stop discussing bitcoin, I don't feel comfortable with that approach. What are your thoughts on this matter?
You cannot blame his teacher and classmates, with so many scams and news of Ponzi schemes using Bitcoin as a payment gateway, uneducated people will see Bitcoin in a bad light, I have a lot of bad experiences explaining Bitcoin to people who are active in MLM and ordinary people because they rely on and check central figures and offices to consider the legitimacy of one project.
But with our government's support of Cryptocurrency, people can now easily relate to Bitcoin because the top payment processor and internet service providers are openly supporting Cryptocurrency, if your government support and regulate Cryptocurrency explaining is easier because no government will support the Ponzi scheme and scams.
One of the easier to explain to people about Bitcoin is to use the best video-sharing platform Youtube, the video creators are the best explainers of what Bitcoin is and its advantage, never argue about Bitcoin, everything is in place for Bitcoin adoption worldwide they just need authority figure or credible sites to explain this, just lead them here, I'm using this method and so far I'm successfully doing this.