Why do many mainstream economists always oppose Bitcoin?

[Webetcoins]

Everyone has their own opinion and they are all entitled to it. Some of them that are talking about Bitcoin do not understand what Bitcoin is all about, if you ask them to explain it to you they won’t be able to explain it at all, so they are saying it based on what they have heard others say they just think that it is scam while it is not.

So, due to their lack of understanding and what they are being told, they’re just going to assume that bitcoin is a scam and they will say things that are bad about it. And then As for others they just feel it is bad because of how Bitcoin is, because they don’t see any company that is behind it as the owner or controls it; a company or someone who can be held responsibility in case of any problem that happens, so that’s why they don’t like it, simply because there is no central control unit.

[v3liana]

It speaks volumes about how leaders view their people. They clearly think so little of us that they assume that if people have the ability to do illegal or unethical things that we definitely will. The rich and powerful view the masses with suspicion, and their disdain is palpable.

[DeathAngel]

They don’t like change, they don’t like innovation & people upsetting their apple cart. It’s all a moot point any because they won’t have a choice other than to shut up & accept they were wrong soon any way.

Many of them are obsessed with bitcoin & tweet negatively about it regularly. Peter Schiff is one of the worst.