Bitcoin Forum

SoftBank CEO said crypto will be useful but Bitcoin is hard to understand, but what is crypto without bitcoin? And again how is Bitcoin so hard to believe? Is there anyone on here is find bitcoin hard to understand? What's your thought on this?

There are still many millionaires that feels unsafe investing their money on crypto and I believe that's what SoftBank CEO is feeling right now, he said digital currency will be useful but he don't know which digital currency, he lacks how bitcoin works, he knew less about bitcoin halving and it's decentralized utility, the man needs to do his own deep research

Understanding bitcoin isn't a rocket science thing, and it should be very easy for CEOs. :D Bitcoin is just one of the cryptocurrency exists so we can't really say that we need bitcoin for cryptos to exist in the future but likely bitcoin is going to exist longer than other useless shit currencies.

I believe that crypto make it this far thanks to bitcoin, the toughest wars in the past was fought by bitcoin, it's really not hard to understand how bitcoin works, I've seen millionaires like this that got confused but later change their point of view, warren buffett himself ridiculed crypto and bitcoin many times but not anymore today, this man (SoftBank CEO) will come around too

SoftBank CEO statement holds the truth. Not all of people used to Internet. and Bitcoin, crypto or blockchain is indeed hard to understand for people that are not really into tech or touch the internet. Heck, even most of people still misunderstood crypto and bitcoin while thinking that these two word have the same meaning.

Also some old people still think that everything in the internet dont really exist whatsoever and thus useless or worthless so there's that.

I think if we expect crypto to widely adopted by the masses the meaing of cryptocurrency should be further simplified so that people could grasp what it is and what's the difference between crypto and bitcoin.

I assume he was referring to the value of bitcoin. It's very hard for a banker to grasp. According to all the laws of their profession, bitcoin shouldn't have any value, which of course isn't true, so they're scratching their heads as they see the gains that investors have from cryptocurrencies.

Bitcoin is a type of cryptocurrency. Other cryptocurrencies will exist with or without BTC, Blockchain is what important for cryptocurrency. Without it, There will be no cryptocurrency at all. If you can drop the link of the article for the source of your thread, We can easily discuss what you are really talking about. I'm sure that the CEO in to some characteristics of BTC like price volatility and not BTC in general.

Crypto can survive without bitcoin, I believe that's what the CEO is referring to but he still lacks the real existence of Bitcoin that's why he is confused, the reason why Avalanche project caught my attention was because of the team existence before bitcoin was released by Nakamoto, there are few projects before bitcoin too, it means that Avalanche team have high level experience about blockchain

The main reason is every banker/finance professional hear bitcoin the very first time, not blockchain. So, they will try to define/understand cryptocurrencies as Bitcoin. The price of Bitcoin is something people are falling a trap into. Now when they come in contact with Bitcoin? During bull market. And, they loose their money and blame entire crypto space (blockchain indirectly) being a bubble. Now even if you try to explain blockchain from the beginning, they won't understand at all. Why is that to? They have stopped exploring creative/new because of being in finance space where they literally don't do anything new in routine.

This was my personal experience as 2-3 of my friends and a brother is a banker and when I try to explain blockchain - they don't take advantages from what I explain. They find cons right away and demolish the idea of blockchain every single time. In fact, they advice me to stay away from any kind of cryptocurrency, being professional bankers. I literally laugh inside when they tell me that you won't understand such bubbles - our entire lives evolve around finance and we kind of know everything having faced 2008 crisis.

I wouldn't worry so much about these people. There will always be critics who just don't understand the crypto world. For me and most other people if we speak about cryptos we have a lot of other coins in mind. But people who have no understanding the will say crypto world = bitcoins. We don't need these negative people, Bitcoin is close to 19.000 USD. That should convince everybody otherwise.

Cryptocurrency is a digital currency that involves Bitcoin and Altcoin, but the Cryptocurrency market is more dominated by Bitcoin, so I agree with you without Bitcoin then Cryptocurrency is nothing, therefore if people want to invest in Cryptocurrency then they must believe in Bitcoin too, because in my opinion for now Bitcoin is the king of Cryptocurrency, so if Bitcoin dies then I'm sure all Altcoin will also die (can't survive).

All of us at first. It's really hard to understand how the Bitcoin works and what is it but since we really wanted to know what is it and we really wanted to learn about it, I think they can use some good examples the simple one.

Bitcoin is still a debate among ordinary people...
Bitcoin is a cryptocurrency and a cryptocurrency is not only Bitcoin, it is also Ethereum, Litecoin, and other crypto coins. The statement from the CEO of Softbank is really confusing, I hope he understands Bitcoin soon.  :D

Maybe there are few newbies who find it hard to understand bitcoin initially but they soon learn about it as it is not difficult at all. However, other this forum, there are many people whom i met daily who never understand bitcoin even if i try to explain them.  :(

You are right, even warren buffett was once confused about bitcoin until he later have good understanding about the digital currency, give the SoftBank CEO some time I'm sure he will change his mind after clearly understanding about bitcoin, he isn't the first and he won't be the last either.

I don't understand how the CEO of SoftBank could sell bitcoins at a loss. Couldn't he have hired a manager who knew about cryptocurrencies and blockchain? A very strange act and a strange statement.

Those who are still not understand bitcoin are the people who do not like bitcoin. They do no want bitcoin to rule and replace fiat, but in the end they will accept as the world is ready for the big change and biycoin ia the answer.

Many people still don't understand bitcoin and still live in a fool's errand because bitcoin will take on a new look in the future. So they don't know about Zara Bitcoin yet, let them know because at some point everything can be traded with this Bitcoin. I like Bitcoin a lot. Thanks everyone

They think differently, as one of the largest VC conglomerates in the world, they have a lot to consider. because they usually invest in goods or assets with a value that is supported by a high use value, therefore they find it difficult to understand

hahaha, yes you are right...
wealth does not guarantee that someone understands everything, in this case, Buffett and Soft bank CEO have the same problem about fully understanding what Bitcoin is. just wait until he understands and understands what Bitcoin is, maybe he will change his mind.

Few people are interested in this, no one needs philosophy. Everyone thinks about profit, this is the main reason why people are here.

Cryptocurrencies can also be called digital currencies and they include Bitcoin, Ethereum, Litecoin and so on, that is to say, Bitcoin is a cryptocurrency. However, in the crypto space, Bitcoin being the first cryptocurrency is called a coin (I.e stands on its own), while other cryptocurrencies from Ethereum downwards are regarded as Altcoins or Alternative coins. Therefore, saying crypto will be useful also encompasses Bitcoin, also it is wise to understand that, this usefulness in question doesn't include all cryptocurrencies rather only those with good use case.
In addition, in my own opinion, Bitcoin is very valuable, and something can not be valuable if it is not useful. Also, Bitcoin is actually the easiest to understand; peer-to-peer transactions started with it, decentralization started with it , in fact it laid down the path through which many platforms and/or coins are following now.

Some just want an easy money and once they didn't get it in crypto or bitcoin, they just left as if it's not really worthy. I'd been mentioning bitcoin to many friends but none yet were really taking it seriously. They didn't buy or hold or give a care since they just want something which they can already see and use. Lucky us here in forum we were able to take advantage of these time bitcoin and other crypto are good to invest and have with.

That guy has no idea what he's saying.

What crypto in particular is that useful to him and at the same time easier to understand than Bitcoin? ETH with its gas and smart contracts? I don't think so.

If you have trouble understanding Bitcoin you will also have trouble with any other cryptocurrencies.
Millions of people around the world know how bitcoin works. If you don't understand it maybe there's something wrong with you.

You did not put the link of his comment so we do not know the whole context, but he is so ignorant to say that, Bitcoin is not hard to understand I don't know what part is hard to understand if he do not understand how Bitcoin works, it's on him not on us, everything you need to know about Bitcoin are within your rewach.

I think you are looking for this article -

https://cointelegraph.com/news/crypto-will-be-useful-but-bitcoin-is-hard-to-understand-says-softbank-ceo

They don't understand it because they are lazy to know it. If there's a will, there's a way, right? Or they have too much on their plate that they don't have the time to understand it meticulously.

That's true, most individuals out there don't even know what they stand for in order to relate them, they keep misleading the public with thier posts and even those who do understand do not really know what blockchain entails

without other crypto bitcoins there will never be and crypto names too, bitcoin is easy to understand depending on how they look at it, Ceo softbank doesn't want to learn bitcoin maybe because of its high value so he's lazy to read it, but back again that there is no crypto without bitcoin, sister my 15 year old man now understands bitcoin now

I don't see the source of the article so I extract it on Cointelegram
Crypto will be useful but Bitcoin is hard to understand, says SoftBank CEO  (https://cointelegraph.com/news/crypto-will-be-useful-but-bitcoin-is-hard-to-understand-says-softbank-ceo/)

What he don't understand is the volatility, he is an investor of Bitcoin since 2018 .

We can understand where he is coming he is a victim of FOMO buying and selling at the wrong time.

Well to be honest to all members here in the forum, Bitcoin or Cryptocurrency is only belong to those people who are capable to use internet, no matter how the individual here has an interest to know about in Bitcoin without internet it will be useless and no chances for them to understand what Bitcoin and crypto all about. Second, if ever they have an internet and they are capable in, if they don't have passion, determination, and dedication it will still be useless, that's what I learned and understand about them both(Bitcoin and Crypto).

We obviously do not feel like it is hard to understand bitcoin, if you haven't read bitcoin whitepaper you might find it difficult to understand but if you are here on bitcointalk you either already read the whitepaper, or even if you haven't you have at least spent enough time to see what it is. So, we are talking about something that is not going to suddenly make us feel like we don't know what we are doing.

However it is going to take a while for others to catch up, not everyone understands bitcoin the way we do and because they do not understand it, sometimes they say stuff that makes no sense at all. Obviously saying something like "crypto will be useful but bitcoin is hard to understand" has no idea what they are talking about at all.

It isn't hard to understand. Did the Softbank CEO said that it's hard to understand? As you have said Softbank, they've just put their assets into cash. It is possible that this cash will flow into crypto or they'll invest it in bitcoin? no one knows.
Masayoshi Son says SoftBank now has ‘$80 billion in cash on hand’ just in case (https://techcrunch.com/2020/11/17/masa-son-says-softbank-now-has-80-billion-in-cash-on-hand-just-in-case/)
SoftBank CEO Masayoshi Son says he’s hoarding cash to prepare for ‘worst case scenario’ (https://www.cnbc.com/2020/11/17/softbank-ceo-masayoshi-son-preparing-for-worst-case-scenario.html)

This era is Internet depended so it's not that hard to research what bitcoin really is, it's just many mighy already sees it thru ads but did not want to put any attention as some sees it as scam or not into investment risk at all. Only those who can handle loss and risk of loss or failed in trading will eventually have a good profit in crypto or bitcoin.

I am sure that they actually know Bitcoin but they are still confused about why BTC. Why BTC has that kind of high price whereas it is not used for any project or product and they are also afraid of the volatility of the Bitcoin. We know that BTC has the highest volatility in the crypto world compared to other cryptocurrencies. Well, it is just a mater of time before they are aware that they are too late to believe in BTC  ;D

this time a lot of things have changed. More billionaires come for bitcoin and his statement is nothing. Just look at this news https://www.cnbc.com/2020/08/11/softbank-2020-results.html

Softbank is not a proplayer in investing into the right instrument. This guy didn't know what has been doing by another companies who have been investing in bitcoin like square.
he will regret his statement about bitcoin.

when he say crypto is useful he was also saying that bitcoin is useful because crypto and btc are one . btc is easier because it was first . using altcoins needs extra knowledge but both btc and alts are understandable in the long run of learning  .

crypto without bitcoin is still a crypto but other crypto gets all the idea in btc. i dont find it offensive but im glad that there is another bank that are also talks about btc . banks are now joining the force of cryptocurrencies

you can't blame him and others that are yet to comprehend bitcoin and how it works. sincerely, the concept of bitcoin and cryptocurrency is still a mystery to many people around the world. it will take time of studying and awareness before many can fully comprehend bitcoin, cryptocurrency and even blockchain technology that bitcoin and other cryptocurrencies are built on.

Many people still cannot understand what bitcoin is and why bitcoin was created, and every person, of course, has his own opinion, but the main thing is that those people who work in the cryptocurrency field understand for what bitcoin was made and this is of course the most important thing, yes and in general, who cares what SoftBank CEO says, let him say what he wants.

I think the main reason why some people are still in a hard time to understand Bitcoin because they still believe the old accusation about Bitcoin, that it has not back by something to inherent value, thats why until now many people are still avoiding Bitcoin as a form of investment because they are afraid that it will lose its value over time. things like that are very common in the crypto space.

All crypto market is becz of bitcoin :o

Is this really the statement?i think you should Quote the said sentences for clarification because i think it is not crypto that being mentioned but "BlockChain"?

Cryptocurrencies are being represented By all existing currency though the the Leader obviously is bitcoin.

I stand to be corrected but thats the way i understand the Statement of that CEO unless he is a sleep talker and just opening His mouth not knowing His own words.

The hardship or difficulty of a certain individual to understand Bitcoin relies on how he perseveres and shows interest on learning and understanding the essential information he must know to better have prior knowledge about Bitcoin as well as other cryptocurrencies existing on the market. People are always up into the price and value that Bitcoin possess but are not interested on learning more about it because they were just after the benefits they can attain specially talking about taking profits from it. If you as an individual do really want to get into Bitcoin, you must be patient on knowing what Bitcoin really is before doing any engagement. Show some interest on learning it for you will be using those knowledge all throughout your Bitcoin journey. As long as people is interested on learning, nothing is impossible for him to understand what Bitcoin really is together with other cryptocurrencies as well.

Bitcoin or cryptourrency is difficult to understand because it is anonymous, has no third party or the term cannot be regulated by anyone. In fact, not just an ordinary person, but myself, who has been here for a long time, is still a little confused about the ins and outs of the creation of bitcoin and how this blockchain can be made. yes, but the point is i enjoy what satoshi has made.

Perhaps, this will be based on the instinct of the individual dude. Remember, whether Bitcoin or cryptocurrency are both not easy to understand.
Besides, there's no shortcut here for us to earn in the fastest way too. And our success here is not like a lucky of fortune, we really need to learn a lot about here in this field of business industry.

I think bitcoin is still not mature enough as a big market, but I'm sure that with the many adoptions that occur, bitcoin will be increasingly recognized by many people and its value will also increase.

If we know Bitcoin well. I think it won't be able to attract many investors. In my opinion, when Bitcoin rises and falls, it is more or less affected by global politics and economic instability that makes Bitcoin unpredictable.

would you like to give a link about the statements from softbank CEO if bitcoin is hard to understand buddy ?
because why he said crypto will be useful but he hard to understand about bitcoin, i think this is funny if someone know about crypto without understand about bitcoin

https://www.businessinsider.com/softbank-masayoshi-son-doesnt-understand-bitcoin-sold-stake-price-distraction-2020-11

Seems the SoftBank CEO got very anxious and impatient with his invesment in bitcoin and decided to sell everything, because he couldn't stop watching crypto price charts, consequently disturbing his obligations at work.
Bitcoin is the kind of investment you can't monitor all day long. You need to invest and forget it for a while.

All bankers can be understood. They understand that this market is money but the governments of the countries don't give them the opportunity to work as they want. In our "tolerant world" they can only speak with such statements.

When it's your first time hearing Bitcoin and crypto, it may really sound difficult to understand. I can say that for a normal person, it may become too complicated compared to how we use fiat, and that's understandable since not everyone has the same capabilities to easily understand it. Although I think he has the capability since he's a CEO but I think he's just reluctant or has a different perspective about bitcoin that's why he finds it difficult to understand. Perhaps he finds it difficult because he's not interested but if you do, it will be easy for you to learn.

Not going to lie, if you are above a certain age and/or you haven't checked bitcoin so far, when you first meet with it and try to learn what it is, you are not going to fully understand what it is. I didn't really understand many things when I first started out neither, it was a bit complicated.

However even today when I am so much involved with crypto, I still do not get some stuff, like how there are some places that does lending, you give them 100 dollar worth of eth and they give you 50 dollar worth of something else and you get to do whatever with it?

Why is that lending, how is that advantageous for anyone? I could just use that 100, and if I do not want to ... well I still am by giving it to them anyway? So, you don't really need to be expert on everything regarding crypto in order to have your own opinion, wouldn't worth as much but still do not need any requirement to give your opinion.

For me, right from the start there was nothing difficult to understand about Bitcoin, I understood every aspect of it. But that won’t be the same for other people, everyone is totally different and if I find it to be easy as pie, others are not going to see it that way until the time is taken to teach them how it works.

It’s just like some people I told about Bitcoin, difference between me and them: when I started Bitcoin I needed nobody’s help in understanding what it’s all about, I studied about it , there were already so many articles there to help me understand it, and depending on how further I want to go with it, but when I tell other people they always want me to guide them through everything, even when they study it online they still need my help.

Bitcoin is old enough and it is crossing it's decade in crypto. But this is a bit uncommon for the people when  they heard about about it. Samely curiosity works and  they jumped into it without knowing about the crypto properly that's why they think this is hard to understand.

Besides SoftBank CEO, how many people say that? Maybe because he (SoftBank CEO) doesn't fully understand cryptocurrency yet, if he wants to learn about cryptocurrency, surely he will fall in love with cryptocurrency.
Since it was first created, bitcoin still exists in cryptocurrency, even the price continues to increase. In my opinion, the development of cryptocurrency from year to year due to bitcoin.

Where must traditional financial institutions finds it difficult is in fraud tracing. I was once hacked despite my years of experience in the blockchain, i traced to the point, i got totally confused. But if, it is traditional financial institution, you can trace the fraudster without much effort. I love blockchain and its use cases but there are also limitations to it.

Bitcoin, cryptocurrency, and blockchain technology is broad, that is why other people is having a hard time understanding some of it's technical terms. But if you are enthusiastic to learn and engage in crypto and blockchain space, you can surely understand the existence of bitcoin and other cryptocurrencies.

Yes, that's right, in general it is very understanding, but if it is explored specifically and deeply, then Bitcoin, cryptocurrency, and blockchain technology are not that broad and will instead look very simple and make it easier for everyone to use them.

Nothing is difficult to understand in crypto, there alot of books to read, lots of sites now posting about cryptocurrency everyday, lots of YouTube videos to watch, so to understand is simple but to believe and start investing is what I can say is hard.

The CEO no doubt must have expressed the opinion of many other heads of organizations and businesses. Except one is an active player in the blockchain and cryptocurrency ecosystem, the high volatility nature of Bitcoin and many Altcoins must remain a mystery to such person.

Even many people in the industry still can't figure out what is actually driving the crypto market. So, I think it's not out of place that the SoftBank boss expresses his frustration about the crypto king.

In what context though? In technical point, yea it is very hard to understand even for me. Blockchain point, mining stuff and other technical stuff, they are really difficult to understand for normal people.

But, most of the people use Bitcoin or Crypto in general in the investment side instead. Because that is the most people usually does on Bitcoin for investment.
I kinda understand why most of the millionaires afraid of investing on Bitcoin because of the crypto's nature and they could lose partial of their money if they do that. They feel safer investing on stock instead.

It's difficult to understand because normally people do not read or analyze the whitepaper with its technical information and also do not experience the day to day that we do. However, experience in practice is necessary so that we can focus on life and often the theory doesn't contribute to the true reality. In my opinion it's something that we should reflect on.

After all, comparing to Gold,Silver,Stocks,now the cardinal number of crypto world is still too small, there are a few peole have heard about BTC, let alone know BTC what is it.
On the other side, i think investing in BTC is still a gamble, its price is volatile and varies too much, this is the reason why people not in.

They will not understand about bitcoin because it is decentralized system. You can't do anything to manage it and to manipulate it, all the system is open source and transparent. They mean crypto currency which has centralized especially ripple that has been make a corporation with some bank and currently they are agree to work together with bank in the US country.

At the current situation it is proper for them to realize that they need crypto currency, especially for payment system and send money tool. Just compare with traditional tool who need more proccess to make one transaction and it is really different with crypto currency which just need a simple way.

Yes, to understand it is not that difficult, but to start an initial work in crypto is a little more difficult, because it not only requires experience and trust, but also requires more knowledge and capital to be able to manage work properly and correctly.

I think young people are more curious about Bitcoin and they use Bitcoin more than older people. Being open to new things is very important these days. Because we live inside the technology. Older people are usually not very good on things like these and Bitcoin or other cryptos seem more complex than fiat to them. Because they are accustomed to fiat for many many years.

the existence of crypto currency or altcoin is an alternative investment besides bitcoin. and in my opinion ordinary people will only understand crypto, especially only about Bitcoin. This is my experience before knowing about crypto and not knowing what crypto is. everything started from BITCOIN sources and in the end I started getting to know and find out about Altcoin information.

Why are you letting this to bother you? Do you know how many millionaires that went again crypto few years back? In 2019 everything start changing, people who don't understand crypto will surely underate it until they finally understands what it's all about, what this SoftBank CEO needs is time, he will join crypto train later

hello mate in section on this topic Softbank CEO does not understand crypto, how he can understand bitcoin? majority in this era have gradually understood crypto in all countries but there are those who think crypto is still recognized lacking in some bank. no one can put their will but we are encouraged by a strong community so gradually everyone will understand performance this industry crypto in new civilization of future

Did he mention what it is that is difficult to understand in Bitcoin or the area he’s referring to? Using Bitcoin simply for transaction, which is the main reason Satoshi Nakamoto made it, is easy than when you decide to start investing and trading it.

When I was using Bitcoin for transactions I only buy when I need to send money and also when I receive Bitcoin as payment I don’t leave it there, I withdraw it that same minute using peer-to-peer exchanges that are locally available to get the money straight to my bank. There is really nothing hard to know about Bitcoin, just get a good wallet, copy your address and send to the payee or if you’re the one sending the money you ask for their address and copy paste, then send. So what’s hard in it? People just don’t want to use Bitcoin, there’s nothing hard in it.

many people find it hard to understand because they dont know where to start with. if they will spend a lil bit of time understanding it and following some basic instructions that you can readily find from the net, it is actually easy. but people are lazy and they want to be spoon feed.
anyway, if theres a will, theres a way, right? so for those serious users that wanted to know about bitcoin or crypto, they can easily do so. there are tons of info from the net that they can start learning from. they dont even need to enroll in a formal course or something. browse the net and bingo! they should be patient reading though.

There's no way Masayoshi Son as SoftBank CEO doesn't understand Bitcoin, he just can't accept the existence of Bitcoin.
It is only natural that SoftBank CEO does not support Bitcoin, because banks will never be in line with the decentralized Bitcoin.
I am an ordinary person and have no experience in the world of economics, can understand Bitcoin. Moreover, Masayoshi Son as
SoftBank CEO who has experience in the world of economics and is one of the richest people in Japan must understand Bitcoin,
he just doesn't admit it.

Honestly, the first time i heard and learned about bitcoin, i find it quite complicated. But i never stop studying crypto and bitcoin until they became clear to me. I guess the CEO don't understand bitcoin because he refuse to do so. He thinks it's hard to understand because it's very risky as an investment. And as a currency, until now it's still not accepted as a payment mode so anyone would find it hard dealing with it. But for us bitcoin enthusiasts, we have understood it because we believe in it.

Well its because a younger people today was a more risk takers and willing to adopt new things. And i bet it is hard to explain what bitcoin is to the older since they are used to the old systems of trading or investmeny. Today the competition to live a good life was so hard and even earning a minimum wages today couldn't supply your daily need or the needs of your family that's why the younger one are the one who explores a lot with the use of technology and that is why also i am here because of my curiousity about crypto and bitcoin.

it's not hard to believe, but Bitcoin needs a higher popularity,
if Bitcoin reaches a new all time high I'm sure a lot of good news will be spread,
and this will make Bitcoin even more recognized by the public.

There is no such interest as what I saw to that CEO. He heard the word Bitcoin only because people are talking about it but that was a slim chance that it brought to his attention and taken for granted.

a lot of people like this, this is a reason why crypto adotion can't be fully spread globally because of some misconceptions and understanding. We can't push them either, they don't even bother to try or it gives them time to know more about this technology. For out of 100% heard about Bitcoin, maybe only 1% have fully understood it, the rest are in doubts.

We can't force others to understand what truly is bitcoin. I think some doesn't understand its volatility of value in bitcoin. Just lack of education and knowledge that's why others don't understand crypto its useful and how this can benefits to people.

^ Many people still don't care or don't want to know more about crypto and Bitcoin, they think Bitcoin is not that interesting. As long as they want to find out more about crypto and Bitcoin then it is not difficult to understand the benefits and risks of crypto.

i think bitcoin is the modern money. just like precious metals where discovered in the 10 to 20 centuries ago and government and institutions used it as a source of value. Also it was traded on platform. Bitcoin is the modern day money but better than Gold ,silver, diamonds and the rest of the precious metals because it is decentralized and can be owned by anyone.

I would say he has a lack of knowledge about Btc or he is more concerned about the volatile nature of BTC. He might be trusting stable coins rather than other altcoins that daily moves up and down. For me, bitcoin is the most reliable cryptocurrency than other altcoins. Banks will not rely on the volatile currency they will rather choose stable cryptocurrencies because most of the investors or depositors do not risk their money they want to keep their money at minimum risk.

try to explain it to 5 year old child how to use fiat money and how to use bitcoin and you'll understand that bitcoin is much complex to understand and use rather than our fiat currencies. well for some normal people I think they find it complex and hard to understand.

In my opinion, Bitcoin is the first crypto asset and is the most valuable in the world. This shows that Bitcoin's design is optimized to be extremely safe and easy to use, befitting its role as digital gold. if we compare it with other cryptos, Bitcoin is not difficult to understand, on the contrary, among many other cryptos, the only bitcoin is easy to understand

I learnt about the crypto world in 2017 and before I could get along or understand how it operates it took a while. Sometimes when I explained to people here in my country what is bitcoin they really didn't get how it really works. Bitcoin is a cryptocurrency, and I think the first thing I learnt about or come across was Bitcoin.

I still don't understand how could people with such a higher position do such foolish statements. So there is no point remain to listen to his statement. They don't have to talk unless they have fully understood the concept otherwise you will responsible for making fun of yourself. That's the example of how half knowledge is harmful.

They do not have enough knowledge about Bitcoin. They keep their eyes closed even after the reality comes in front of them. Bitcoin is not difficult to understand. They do not want to understand the result makes the matter complicated. However, due to lack of connection with the Internet, Bitcoin remains unknown.

There are many reasons why people like this say such things,

But what I can see is he is just using bitcoin to gather people. He is using the current trend in bitcoin even without understanding it. That's why they find it hard because they don't even want to understand it, he just want to attract people that is interested in bitcoin.

Majority of people don't truly understand the value of BTC and the effect it will have on their finance in the future. I believe this is true negligence on their part. The lack of knowledge will put them at a massive disadvantage and I'm afraid that even when they realise it they'd think it is too late and still won't bother learning. It is sad but in today's society unfortunately it's the truth.

Cryptocurrency is nothing without bitcoin, cryptocurrency is of Bitcoins and altcoins, but the main engine that drives this big cryptocurrency is the bitcoin. I think to invest you will have to believe in bitcoin and understand how it works.

It only takes time for the CEO of SoftBank to understand bitcoin. But to understand bitcoin is not enough just to read and listen to other people’s explanations,
this is not enough. But it takes action to the market to trade and understand bitcoin being volatile.
Like an actor/actress, he has to beg the streets to get the character of a beggar in the role. So he understands the character well.
And the CEO of SoftBank will understand that without bitcoin there would be no crypto, which has given birth to many other cryptos.

Its a matter of deeper research in order to understand something that you wanted to know, and with that I think the CEO of softbank must try to have a digger researching in order for him to understand the importance and benefits of bitcoin in the crypto-world and crypto-community. Also, it is not enough to just look at the day to day news regarding bitcoin for you to understand it well, you really must have the root and basic knowledge on it to fully comprehend bitcoin.

We just have to accept the fact that there will always be people who will not understand crypto fully, they will continue to exist for a very long time.

There is a great douglas adams quote that says "in technology peoples approach are the same, whatever existed when you were born were the natural order of things, whatever comes up between your age of 15-35 will be exciting and new career opportunity, whatever new after you are 35 is against natural order" and that's what I believe.

Nowadays that 35 is probably closer to 50 because tech improves very fast but I still think people approach things still the same. There are still people who do not know how to use mobile phones, not even saying smart phones, literally mobile phones that were first invented, the really old 20 year old versions.

Ignorance cannot be avoided when it comes to the knowledge of bitcoin and cryptocurrencies. Even how much we tell others about it each day it wouldn't be enough still. Not everyone has an interest upon learning what is it and what it does that's why even others heard about clear and vivid informations about, they still choose to ignore it. Sooner or later, people will realize what they miss out and as the use of it spread all over the world, they will have no choice but to pay attention and learn about it. In the near future, technology will continue to advance and we will all witness how essential the knowledge on bitcoin and cryptocurrency is.

You can't give this kind of advice to these huge financial companies. They're known with their craft and in this business, they know that whoever comes first will make it. There could be a hidden treasure that they don't want to say out of bitcoin and that's why statement like this if it's coming from them, should be taken with a grain of salt.

See the latest profit they've made.

SoftBank Vision Fund turns $680 million DoorDash investment into $11.5 billion based on Wednesday’s opening price (https://www.cnbc.com/2020/12/09/softbank-vision-fund-turns-680-million-doordash-investment-into-11point5-billion.html)

It is probably they hear about Bitcoin but normally, they always brag by some people says it was a scam thing, and ignore. I don't think we need to give them realization just to open their mind and change it because I'd preferred for them to make their own discovery and appreciate crypto by themselves.
It is really hard to make people understand Bitcoin if they are not an open-minded person, probably a waste of time. What we are doing and what a huge development happening around could be enough for them to reconsider.

As indicated by all the laws of their calling, bitcoin shouldn't have any worth, which obviously isn't accurate, so they're scratching their heads as they see the additions that speculators have from digital currencies. I accept that is the thing that the CEO is alluding to yet he actually does not have the genuine presence of Bitcoin that is the reason he is befuddled, the motivation behind why Avalanche venture grabbed my eye was a result of the group presence before bitcoin was delivered by Nakamoto.

Crypto has been used for password hashing, bitcoin is not hard to understand the tech, it is like torrent download which is running peer to peer, maybe softbank hard to understand, why bitcoin have a value and it is not small value inside bitcoin network now. Itbis above 300billion dollar.
Maybe they still think that fiat is backed by gold while bitcoin have no backed by anything.

It depends on how you put it out for people. But for me I don’t think that there is anything hard in understanding about Bitcoin. I have been able to teach a lot of people about Bitcoin and those I teach about it, majority of them starts making use of cryptocurrency that same day, they will install the wallet, buy and sell easily and also do transactions.

I first tell them that it is a payment method and is mainly used for cross border transactions, and then I help them install a wallet and teach them where and how to send, and the next I teach them about receiving funds through cryptocurrency.

You’re not the only one saying this, I can’t tell how many times I have said to people that not everyone is going to accept cryptocurrency. I know a lot of people that fully understands cryptocurrency but they still have no single interest in it. When I talk cryptocurrency with them they admit that cryptocurrency is a really good advancement in technology, but it’s just not their thing. There are people that are not making use of banks just like there are those that are not interested in making use of cryptocurrency. Just that they are not using it doesn’t mean that they are not understanding it.

I heard about the bitcoin and then learn about then crypto currency and here are a lot like me who came into crypto  world like that.Bitcoin is a digital currency and  this is not that hard to understand and in the whitepaper of bitcoin everything is clearly written there.

To be able to understand about bitcoin and crypto currency, you need to learn and understand properly before we decide to invest. because if we lack understanding and choose the wrong crypto currency for our investment, it is very high risk later.

Simply "Cryptography" is the underlying technology and BitCoin is the end product. In fact, Bitcoin uses public-key cryptography. Since it is a currency which uses cryptography, we call it a cryptocurrency. The main difference between fiat currency and cryptocurrency is that, one is tangible and the other one is not.

It can be happen what is happening to the CEO. How can you think BTC without crypto? You can say crypto is the tree and BTC is the fruit of that tree. Bitcoin is just a form of cryptocurrency and its not such a hard topic to study for. If you understand what is crypto then you can understand Bitcoin easily.

Bitcoin, Ethereum, Litecoin, Altcoin, and so on are the digital currency of Cryptocurrency. BTC is the king of crypto. Bitcoin is actually the easiest to understand; peer-to-peer transactions started with it, decentralization started with it, and/or coins are following now.

Understanding bitcoin is certifiably not something hard, and it should be extremely simple for project teams. Bitcoin is only one of the cryptocurrency exists so we can't generally say that we need bitcoin for cryptos to exist later on yet likely bitcoin will exist longer than other futile crap monetary standards.

I think that understanding Bitcoin for many people can really be difficult, but only for the reason that they are too lazy to understand it deeply. In my opinion, the main problem is that there is no definite answer on what to do with volatility, and with the fact that the entire market follows exclusively Bitcoin. Blockchain technology is one thing, but the speculative nature of coins is completely different.

a lot of people when they hear of crypto always think of bitcoin
most people are not educated about what cryptocurrency is and how it can be used for a lot of opportunities that it provides.
That gap needs to be bridged, if we are goin to adopt cryptocurrency mainstream as a means of value exchange