Legacy finance does not understand Bitcoin

John Haar writes:
People in traditional finance are generally not supportive of Bitcoin for some combination of the following reasons:

1. They do not understand the history or fundamentals of money;

2. They have spent almost zero time researching Bitcoin, and they simply repeat the objections they have heard in the mainstream media;

3. They’ve been conditioned to believe that government central planning, both fiscal and monetary, is necessary for an economy’s growth and stability;

4. They are high performing consensus followers rather than independent thinkers;

5. Their world view is entirely focused on developed countries which have not experienced a currency crisis or a totalitarian regime in recent memory; and

6. They want to keep the current system going, where simply saving money is not an option and it must instead be invested.

Numbers 1-5 are incredibly common. Number 6 is less common, because it implies an understanding of sound money.

https://www.swanbitcoin.com/how-legacy-finance-perceives-bitcoin/
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