Why non user people scares and hates cryptos?
Well first off most poor and middle class people don't invest in general. People say the same bad things about the stock market. They rather put their money in a savings account. A lot of people even have no savings at all to begin with. Paycheck to paycheck type of stuff.
Rich people rather invest their money to let it grow. Money makes money you know.
Another reason for the hate is that crypto have been linked to criminal money since the beginning in the times that silk road was still online. Before Monero existed Bitcoin was the main currency on the dark web. Which didn't do it's reputation any good.
Then you also have all the big exchange hacks that took place. And people losing their wallet keys after a few years or even forgetting the password. For non technical people that scares them because they don't know how to safely use crypto and protect against those things. It's a hassle to be an early adopter.
crypto = the wild west. Speaking of wild, the volatility is something that scares people 2. They see it as gambling, which it is when you don't know anything about finance and buy random shitcoins.
Third people don't recognize the change.
This is often the case with disruptive technologies. Check out this video:
People where laughing with the internet way back. But things evolve, nothing stays the same. You have to be visionary to understand.
The youth is well aware of the potential benefit of crypto currencies versus traditional banking system.
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We grew up with tech
Ask my grandmother, she doesn't even know what a pc is
Very well written, my friend.