Why some billionaires don’t support bitcoin and other crypto

in #bitcoin6 years ago

There are no. Of billionaires who don’t support bitcoin and other cryptos. In this list there are some popular names.

But,
Firstly it’s an individuals choice what they support or what they don’t want to support. If a billionaires who inspired a lots of peoples if that person is not interested or not supporting any thing then the following people will also be against that things that’s the damn point I want to explain in today article.

Time to time there are posted uploaded by some big names that crypto are scam, bitcoin is bubble. So articles like this spread wrong message in people who are showing interest in the bitcoin and other cryto. And the post is uploaded by some very popular people so this creates panic in market.

There are few point why they don’t support

1) Scams

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One of the main reason why they don’t support the crypto and bitcoin because there are lots of scammers who scam the people money that the dark side of crypto. Peoples are easily scammed in crypto market. Even I also scammed I will discuss it later. So this will make an negative impact on big investors. And then they upload that’s messages which creates a negative impact on peoples.

2) public interest
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As they are billionaires lots of peoples follow them and as they are billionaires they know dark side or more than us about investing so they should take it as an responsibility and they write there thoughts.

3) No regulation
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This is the point where I also supports billionaires. As bitcoins and other cryptos are investment they should regulated. This the main reason why people loss there hard earn money in crypto. And if a person losses money somewhere them that person will not go there again with there hard earn money. Due to this the scammers easily scam normal people.

*3) very quick results *

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I didn’t count as the reason but some people says this is the reason why billionaires are against it. But I don’t think so As you know that crypto are very volatile. We don’t know what’s going to happen this may be a reason why billionaires don’t in favour with.

big names who is against the cryptos

Warren Buffett

The biggest names which a know who is against bitcoin and crypto.

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Warren Buffett is biggest investor of the world and if he says something is bad in investing. Then people follows him.
The reason we discussed earlier is the reason why he doesn’t support cryptos and investing in it. There are lots of articles why he does not support so I am not going in deep.

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Yes you are write thats why billionaires dont support cryptos

Well said, thanks for resteeming

i think they are waiting for something to be clear

May be

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