In the country that I live, Bitcoin has a stigma of being a scam because our own government warn the public to not engage on Bitcoin investment due to a lot of scam involves it and the volatility is high. Most of the people here including the old professional don’t dare to touch it despite Bitcoin already has good price history.
I heard these arguments in my country too and I always find them misleading. It's not like a huge number of scammers just came out of nowhere with the rise of crypto currencies. The scammers where here before and used fiat money to scam people. And there would nobody say we need to stop using fiat money because of the scammers. Everybody can get scammed out of his money, it doesn't matter what currency he is using. Instead of trying to stop people using certain currencies the government should work on educating their people better. Only when the citizens are aware of the risk of scammers they can be more cautious. Bitcoin has survived for so long now that critics should stop doubting the success and rather be more open to it.
Scammers were, are, and will be part of our world, much like weeds in a garden. And to fault a currency for the misdeeds of its users... damn, its just me blaming the sun for the existence of shadows, is it not? The philosopher Socrates once said, "I cannot teach anybody anything, I can only make them think". That is our key weapon against scam artists - inculcating critical thinking in our citizenry. It's been a decade-long roller-coaster ride for Bitcoin, and yet, here it stands, resilient as ever. Surely, this "Phoenix of the Financial World" deserves more respect and less criticism, right? May our future be as bright and unshaken as the path Bitcoin has paved