Why some millionaires hate Bitcoin?

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I think a reason for this hate or disapproval is the lack of knowledge, leverage and the drive of such individuals in making use of crypto into something that could benefit them. If they would only discover and choose to see how indulging into crypto could bring them more benefits, I don’t think that hate will exist anymore. However, for some who are reluctant of change and modernization, I do not think that they will ever appreciate crypto.

Millionaires has their own views in every profiteering , some are looking into virtual while others in actual/physical .

[SacriFries11]

Because of its volatility and they cannot predict when the value will go up. They see it as a scam or it can easily be hacked. Most millionaires prefer investments that are much safer and regulated. And they also want to protect their hard-earned money and secure the future of their families. They are also lack of information and knowledge about the technology of bitcoin.

[oemar bakrie]

their views may have been proven by the fact that the brand does not like bitcoin,, my view is because bitcoin does not have a security that can calm its owner, and also realize bitcoin is only an illusion for those who hate it

[7788bitcoin]

Jealous from those lucky peps who made it and changed their lives after investing to Bitcoin. 

The issue is that those millionaires might have made their money in wall street who played in the centralized market where they were able to control the market with their company inside information and when they see Bitcoin as a decentralized market they do not have a clue on where to start as they have no idea how to control a global market and that is the reason why several institutional institutions took a long time to dive into the cryptocurrency market.

[randegibran]

everyone knows.that bitcoin has.grown so fast in.the last feed.years and its.development is.very fast and can.make people rich in.just one night.so that's.why bitcoin is.so hated.by many millionaires.thus they are afraid.of their venomous.business rivaled.by bitcoin especially for investors.who can.match the profits.of some of.these millionaires.therefore they continue to build a bad.opinion of the.cryptocurrency

[Rigon]

1. Warren Buffett doesn't understand technology
2. Donald Trump clearly said that Bitcoin is a risk to the USD
3. A lot of rich people(or people in general that aren't poor) think Bitcoin is unnecessary because they're privileged. They think Bitcoin is unnecessary because they're and their country is doing fine (at least as of now); completely ignoring other people living in communist and far more corrupt countries.

Warren buffett a gentleman who the one of the richest man in the world but you can't tell him a person who don't know about bitcoin. But he has another issues to not invest in cryptocurrencies. Donald trump not agree with cryptocurrency because he doesn't like air thin money.

[azharul91]

We know that Bitcoin is the best valuable digital coin in the cryptocurrency world. Because we know that it's the king of cryptocurrency market.We also know that Bitcoin price is very prefer than others coin.But someone or some millionaires heat Bitcoin. Because they thinks that gold is the best valuable things for them.But we believed that Bitcoin is very prefer coin in the cryptocurrency market.So i trust that in future it's will be nearest gold.

[Betwrong]

This hate can be caused by fact that some people have worked hard their entire life, while others simply bought right asset at right time. I think that they are just jealous that other found simple and quickest way to get rich.

it take years before btc grow like this and investing in the early days is not easy .
btc investors do also put an effort to get what they have now . why would they be jelous but they can do the same and it was not too late yet to invest in bitcoins .

What kind of effort BTC investors put? Buy from a newbie miner in 2014, wait for 4 years and multiply your investment 66 times?
How a regular millionaire looks like? A guy who worked tens years to develop business. They don't just buy, sit and wait. Look at Forbes billionaire list. None of them sit on their asses and wait till their company and capital grow by itself. They are jealous that other got everything more easy. They are jealous that someone believed and crypto and they not.

Maybe there are such people among millionaires, but I don't think there are many of them. Imagine, you are rich and prosperous, but you are not enjoying your life in full, instead you've decided to poison it with hatred towards something. I could understand if that hatred is directed towards what you think is morally wrong, but simply hate someone for being more successful than you? Idk, I don't think there are a lot of such cases. You can see such people quite often in bad movies, but rarely, if ever, in real life.

[ROSERTY]

Bitcoin is an investment currency with storage value. The number of Bitcoin is limited, and its scarcity feature makes it more valuable. Although its market price is relatively volatile, it has good investment value in the long run. Investing in Bitcoin brings huge benefits to investors and enables them to achieve wealth freedom. Millionaires don't want investors to make more profits than them through Bitcoin.
Bitcoin is still decentralized. It is not regulated and restricted by the government. It is completely in their own control of personal assets, so that they cannot profit from investors, which is not good for them.

[taufik0911]

they don't hate bitcoin but they wait for the right time when bitcoin is at the lowest price where they can get maximum profit
besides that they can manipulate the market easily and create panic or Fomo in a short time
they just sit still and wait, when the time is right they will enter and make the market panic because they have big capital

[xSkylarx]

This hate can be caused by fact that some people have worked hard their entire life, while others simply bought right asset at right time. I think that they are just jealous that other found simple and quickest way to get rich.

it take years before btc grow like this and investing in the early days is not easy .
btc investors do also put an effort to get what they have now . why would they be jelous but they can do the same and it was not too late yet to invest in bitcoins .

What he wants to say is they build their millions from the bottom up to the top like they are working hard for a decade just to be on top, they are learning a lot of things, they go to schools, they have big people to have connections then all of the sudden an ordinary man that bought a bitcoin then price spike up fast then they become a millionaire like if you bought BTC way back 2016 then you hold until now then that's kinda easy no struggles, just holding it or a couple of years without doing anything then you became an instant millionaire that's why I think those millionaire peoples got jealous and can't accept that they got their millions without effort`1

[dansus021]

mostly they don't know about the technology or they still dont believe with unreal money i mean money that they can touch

millionaires will invest on stock or gold or other safe haven investment

[BlinkInDie]

They don't believe it's a scam, otherwise they wouldn't hate it. They hate it because it's a tool for 'common' people to get wealthy, outside of their little rich world.

A common people became millionaire when they bought BTC back in 2011-12. A common people became millionaire who believe in Binance coin and bought it back in 2017. Now, common people especially gamers will become millionaire in the next 2-3 years after they started playing AXIE or $ANRX after they monetize their game play.

[conected]

mostly they don't know about the technology or they still dont believe with unreal money i mean money that they can touch

millionaires will invest on stock or gold or other safe haven investment

- You really know the joke, the age of technology and business also applies a lot of advertising products and systems, saying that millionaires don't know about technology and being afraid to touch virtual products is a mistake, sometimes millionaires are one of the earliest contact groups, they have money and are one of the influencers, fundraising for such products always starts with millionaires. Safe havens are only one part of the many areas in which they invest, their diversification is relatively optimal

[Slow death]

they hate but then they spend part of their investment to bitcoin

anyone in this world likes to see their money multiplying, even though most millionaires are still afraid to invest in bitcoin, they will sooner or later invest in bitcoin because they want to see their money increase a lot. Until a few years ago there were many millionaires who spoke badly of bitcoin, but today we are seeing a completely different scenario where some millionaires and billionaires already buy bitcoin and speak transparently on the internet that they bought bitcoin

[worldofcoins]

When you are wealthy, you automatically hate any changes and everything that might cause those changes. Millionaires want to maintain status quo forever, but, unfortunately for them, that's not how things work in this world. The wisest from them are aware of that, of course, and now actively buying BTC at low price.

Well, that's one of many reasons, Most of the millionaires spend their whole life to keep on making the same or more amount of money so that they don't have to bring low-status lifestyle. This is what I've seen with most of them.

Some are millionaires for their hard work and they reached that height doing a single work and bringing change to that work will lead to re-learn or master another skill to remain at the same height which is not desirable for each and every one of them.

[nhaila]

they hate but then they spend part of their investment to bitcoin

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

[Dewi89]

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

[Fredomago]

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

yeah right, they are doing things like this for the sake of generating false information while they are working behind the scene and taking all the opportunities to buy loads of cheap Bitcoin.

Elon Musk got his companies, they love sucking those money out from those poor and average types of beginners, those people who are affected of certained news about known personalities who are against to this market.

They've been played perfectly by those so called haters.

[NicNacCoin]

Sometimes some millionaires tweeted they don't like Bitcoin but after next update they already invested in Bitcoin and gained a lots of profits because they bought indeep and sold in hyped.

We saw the cover they really hate bitcoin for trying to lower its price and backstage maybe buy it at a lower price. Who is millionaire no.1 in the world, Elon Musk is also involved in crypto investing.

Some gigantic investors as like Elon musk sometimes tweeted his profile bio or tweeted in their personal blogs that they don't no investment/ longer in Bitcoin and others but it's a trick for cryptocurrencies investment. Their investment time they announced negative and selling time they announced position news.