Why do many mainstream economists always oppose Bitcoin?

[Sayeds56]

With the increasing influence of Bitcoin in the world, more and more people are supporting and approving Bitcoin. Few mainstream media can directly say that Bitcoin is a scam. However, there are still many opinions saying that Bitcoin is a bubble, and this bubble will eventually burst. Many mainstream economists hold this view. They always oppose Bitcoin for different reasons. Economists are scholars who study economics. They have knowledge and social status far beyond ordinary people. Logically speaking, they should be more able to see the value contained in Bitcoin. Why are some economists always opposed to Bitcoin?

In my opinion, this is determined by the interests they represent. Many economists currently do not live independently. They need to depend on the government to survive. They need to help the government formulate various economic policies, financial policies, and monetary policies, so their starting point and interests must represent the government's will and interests. Therefore, in their world, the status of legal tender must be the most important and correct. On the contrary, they have forgotten the demands of the people and the interests of the people. Bitcoin stands on the side of the people, allowing the people to obtain their own asset freedom, and naturally stands on the opposite side of some economists.

This is my point of view, what do you think of this?

It is very easy to know why this is the case, after all if you are being paid to not understand something then it does not matter how many times a concept is explained to you it will be impossible for you to get it.

Basically economists are invested in the current model and since they get their living out of it they cannot understand bitcoin at all, also this is a matter of pride, they believe they are the masters of the universe and for an unknown person to create the best currency the world has ever seen is something they cannot tolerate and as such some criticize bitcoin out of envy.

Exactly, They are the beneficiary of current financial Model and make their living out of it which makes rich richer and poor poorer. The vested interests will always oppose any new Technology that can potentially challenge  their interest but Bitcoin is here to stay and will replace the current financial system which is very un-democratic and serves the interest of elites but commons suffer.

[techearn17]

With the increasing influence of Bitcoin in the world, more and more people are supporting and approving Bitcoin. Few mainstream media can directly say that Bitcoin is a scam. However, there are still many opinions saying that Bitcoin is a bubble, and this bubble will eventually burst. Many mainstream economists hold this view. They always oppose Bitcoin for different reasons. Economists are scholars who study economics. They have knowledge and social status far beyond ordinary people. Logically speaking, they should be more able to see the value contained in Bitcoin. Why are some economists always opposed to Bitcoin?

In my opinion, this is determined by the interests they represent. Many economists currently do not live independently. They need to depend on the government to survive. They need to help the government formulate various economic policies, financial policies, and monetary policies, so their starting point and interests must represent the government's will and interests. Therefore, in their world, the status of legal tender must be the most important and correct. On the contrary, they have forgotten the demands of the people and the interests of the people. Bitcoin stands on the side of the people, allowing the people to obtain their own asset freedom, and naturally stands on the opposite side of some economists.

This is my point of view, what do you think of this?

It is very easy to know why this is the case, after all if you are being paid to not understand something then it does not matter how many times a concept is explained to you it will be impossible for you to get it.

Basically economists are invested in the current model and since they get their living out of it they cannot understand bitcoin at all, also this is a matter of pride, they believe they are the masters of the universe and for an unknown person to create the best currency the world has ever seen is something they cannot tolerate and as such some criticize bitcoin out of envy.

Exactly, They are the beneficiary of current financial Model and make their living out of it which makes rich richer and poor poorer. The vested interests will always oppose any new Technology that can potentially challenge  their interest but Bitcoin is here to stay and will replace the current financial system which is very un-democratic and serves the interest of elites but commons suffer.

Now that bitcoin has become a reality Where are these people when the bitcoin goes up? Sometimes the bitcoin starts to come down, these people are visible That is their job bitcoin is Bad this is a bubble we are listening to years ago but bitcoin is a new digital asset this is a reality and no buddy can stop bitcoin we are lucky to collect some bitcoins hope we see good futures.

[AndySt]

Exactly, They are the beneficiary of current financial Model and make their living out of it which makes rich richer and poor poorer. The vested interests will always oppose any new Technology that can potentially challenge  their interest but Bitcoin is here to stay and will replace the current financial system which is very un-democratic and serves the interest of elites but commons suffer.

Now that bitcoin has become a reality Where are these people when the bitcoin goes up? Sometimes the bitcoin starts to come down, these people are visible That is their job bitcoin is Bad this is a bubble we are listening to years ago but bitcoin is a new digital asset this is a reality and no buddy can stop bitcoin we are lucky to collect some bitcoins hope we see good futures.

It is time to accustom yourself to the fact that there may be different views and different opinions on the ongoing processes and it is not at all necessary to see only selfish interest and malicious intent in the opposite point of view. Moreover, economics has never been and is not an exact science like mathematics, physics or chemistry, so the conclusions of some economists are not the ultimate truth and can be interpreted both in this and in another direction. If bitcoin as an asset shows signs of overheating or a bubble, then there is no need to immediately deny it and assert the opposite only because of sympathy for bitcoin, cryptocurrencies and everything that is behind it. You just need to be objective and not be afraid to call white white and black black.

[RainbowKun]

Exactly, They are the beneficiary of current financial Model and make their living out of it which makes rich richer and poor poorer. The vested interests will always oppose any new Technology that can potentially challenge  their interest but Bitcoin is here to stay and will replace the current financial system which is very un-democratic and serves the interest of elites but commons suffer.

Now that bitcoin has become a reality Where are these people when the bitcoin goes up? Sometimes the bitcoin starts to come down, these people are visible That is their job bitcoin is Bad this is a bubble we are listening to years ago but bitcoin is a new digital asset this is a reality and no buddy can stop bitcoin we are lucky to collect some bitcoins hope we see good futures.

It is time to accustom yourself to the fact that there may be different views and different opinions on the ongoing processes and it is not at all necessary to see only selfish interest and malicious intent in the opposite point of view. Moreover, economics has never been and is not an exact science like mathematics, physics or chemistry, so the conclusions of some economists are not the ultimate truth and can be interpreted both in this and in another direction. If bitcoin as an asset shows signs of overheating or a bubble, then there is no need to immediately deny it and assert the opposite only because of sympathy for bitcoin, cryptocurrencies and everything that is behind it. You just need to be objective and not be afraid to call white white and black black.

Yes, economics is fundamentally different from physics and mathematics. One belongs to the social sciences, and there is no standard answer. The other is natural science and must be rigorous and careful. I believe that as Bitcoin's global consensus becomes stronger and stronger, more and more economists will re-examine the historical role of Bitcoin. They no longer proceed from their own interests, but from the entire human currency system. How to build a more healthy, fair, efficient, and low-cost global currency network. In any case, I firmly believe that Bitcoin is the future of mankind.

[AniviaBtc]

Economist are only thinking traditional currencies where they don't want to be get involved in what we are calling cryptocurrencies.

As it is only accessible through the use of internet and digital technologies, they don't want to engage on it.

But some so called lowkey economist who are not popular are absolutely investing on cryptocurrency as they know that cryptos really proved many things.

[Btcvilla]

maybe now everyone knows.that bitcoin is.growing so fast and growing in.the economy.and does not.involve anyone, maybe this can.also trigger economists.to oppose the mainstream of bitcoin at this time, because they will hate it.very much with the development of the crypto world, this is.it which is.the main trigger that is so significant.to the opposition.made by some.economists to the crypto world

[macson]

Ever heard of the phrase "bitcoin is against the central bank"....economists and banks learn the same thing about money, when Bitcoin appeared it was like destroying or changing what they had learned for decades. 

Bitcoin will always go against the conservative economists mainstream.

[mbe48]

In my opinion, not all economists are against the movement of Bitcoin flows, because those who oppose it are people who do not know how Crypto works. Meanwhile, the economy is now more digital, where transactions are easy and there are no delays. But on the other hand, some economists predict the risk of digital asset owners, especially in investments that can harm the country. But this is not a serious problem because as much as people hate the development of Bitcoin, slowly the economy is changing in the digital age which allows everyone to own digital assets.

[maisao1991]

I have heard a lot about fake news about BTC, they say BTC is just a scam or defame BTC, but personally I think they are just blind technology people who do not know how to follow the current new development, uninformed and uninformed about the potential future of BTC.

[geegaw]

maybe now everyone knows.that bitcoin is.growing so fast and growing in.the economy.and does not.involve anyone, maybe this can.also trigger economists.to oppose the mainstream of bitcoin at this time, because they will hate it.very much with the development of the crypto world, this is.it which is.the main trigger that is so significant.to the opposition.made by some.economists to the crypto world

Economists probably prefer to keep the old orthodox views and systems when their years of research into economics is based on these theories, there aren't too many cases that can make them misanalyze but since facing bitcoin they become more and more wrong, from times and then several times, a system that is anti-normative and can be called unorthodox, allowing the creation of the most absurd things. Embarrassed and angry at the points that go against their theory, they may need to absorb this new culture

[Tigerheart3026]

In my opinion, this is determined by the interests they represent. Many economists currently do not live independently. They need to depend on the government to survive. They need to help the government formulate various economic policies, financial policies, and monetary policies, so their starting point and interests must represent the government's will and interests. Therefore, in their world, the status of legal tender must be the most important and correct. On the contrary, they have forgotten the demands of the people and the interests of the people. Bitcoin stands on the side of the people, allowing the people to obtain their own asset freedom, and naturally stands on the opposite side of some economists.

This is my point of view, what do you think of this?

the government is against for bitcoin, how will the mainstream media make positive news about bitcoin?

the media never dares to work against the government. in a word the media of my country is a servant of the government.
media promote bitcoin very negatively like it's scam because it's not controlled by no one country.

[qwertyup23]

Unfortunately, most mainstream economists are so used with the traditional types of investment instruments in the market. Anything that is relatively new (especially if media has stigmatized BTCs), they would oppose it.

The problem with most mainstream economists stems from being too close-minded to change. They oppose the idea that a revolutionary payment scheme that eliminates third-party consensus cannot be sustainable in the long-term. But in fact, this would be the main consideration in the near future where the world shifts to digital currency- and the blockchain technology will play a huge part on that.

[Text]

These economists who oppose Bitcoin behave very differently so they are not able to accept this technology.  Maybe because they are more aware of the cons of being volatile and unpredictable, they simply don’t fully understand the importance and the benefits it brings to the continued development of the financial aspect and the benefits it brings to having freedom in the digital assets and in conducting online transactions.

[clint25n]

because they are also very surprised by the rapid development of bitcoin in such a short time, and its impact is also very changing for investors, so this is what makes so many economists against the crypto world so that they make opinions that can bring bitcoin down , and also added by many countries that prohibit the circulation of bitcoin in various countries in the world

[wxa7115]

With the increasing influence of Bitcoin in the world, more and more people are supporting and approving Bitcoin. Few mainstream media can directly say that Bitcoin is a scam. However, there are still many opinions saying that Bitcoin is a bubble, and this bubble will eventually burst. Many mainstream economists hold this view. They always oppose Bitcoin for different reasons. Economists are scholars who study economics. They have knowledge and social status far beyond ordinary people. Logically speaking, they should be more able to see the value contained in Bitcoin. Why are some economists always opposed to Bitcoin?

In my opinion, this is determined by the interests they represent. Many economists currently do not live independently. They need to depend on the government to survive. They need to help the government formulate various economic policies, financial policies, and monetary policies, so their starting point and interests must represent the government's will and interests. Therefore, in their world, the status of legal tender must be the most important and correct. On the contrary, they have forgotten the demands of the people and the interests of the people. Bitcoin stands on the side of the people, allowing the people to obtain their own asset freedom, and naturally stands on the opposite side of some economists.

This is my point of view, what do you think of this?

It is very easy to know why this is the case, after all if you are being paid to not understand something then it does not matter how many times a concept is explained to you it will be impossible for you to get it.

Basically economists are invested in the current model and since they get their living out of it they cannot understand bitcoin at all, also this is a matter of pride, they believe they are the masters of the universe and for an unknown person to create the best currency the world has ever seen is something they cannot tolerate and as such some criticize bitcoin out of envy.

Exactly, They are the beneficiary of current financial Model and make their living out of it which makes rich richer and poor poorer. The vested interests will always oppose any new Technology that can potentially challenge  their interest but Bitcoin is here to stay and will replace the current financial system which is very un-democratic and serves the interest of elites but commons suffer.

Quite honestly I do not even put too much blame on them as this is just human nature, those that are at the top will want to remain there so they are naturally against any technology that may take them off that position.

For example this happened with electricity, back then most people used kerosene and candles to light their homes and the streets so when electricity appeared the ones that controlled those businesses did everything to avoid the adoption of this new technology, but they failed, and they failed because electricity was the best out of the two technologies, and I expect something similar to happen to bitcoin.

[Boov]

Basically there's no point for them to say good things about bitcoin, because these people has been paid a huge amount of dollars just to say bad image about cryptocurrency. They opposed all over again even though the price went so high, and with their frustrations they're creating different rumors and black propagandas against bitcoin. How much worst when there's a news which relates to bitcoin, they'll make it more exaggerating.

[xiboothrezi]

These economists who oppose Bitcoin behave very differently so they are not able to accept this technology.  Maybe because they are more aware of the cons of being volatile and unpredictable, they simply don’t fully understand the importance and the benefits it brings to the continued development of the financial aspect and the benefits it brings to having freedom in the digital assets and in conducting online transactions.

actually I don't really think about this, after all, everyone has the right to support crypto or not according to their own understanding. we know that systems involving cryptocurrencies are in stark contrast to the centralized economic systems currently implemented around the world. maybe, this system disturbs the existing order and can be a big threat to them. I dunno, I don't really know technically about that. what is clear I can take advantage of here then it is more than enough. while the issues of both pros and cons from world economists, consider it to create waves in the crypto ecosystem so that it is not boring.

[pinggoki]

You could be talking about the so-called "seasoned" economists who have been honing their craft for a lengthy amount of time yet have not been accustomed to the current face of world economy, because I have seen a couple of mew-age economists who are quite happy that a thing such as bitcoin existed. Then again these aforementioned economists will base their statements and stands about a certain issue in accordance to whatever happened in the past and the current trends leading up to it, for these old-timers they may have not seen something like bitcoin before and the fact that it is revolutionizing the system is quite scary for them, hence the opposition.

Basically there's no point for them to say good things about bitcoin, because these people has been paid a huge amount of dollars just to say bad image about cryptocurrency. They opposed all over again even though the price went so high, and with their frustrations they're creating different rumors and black propagandas against bitcoin. How much worst when there's a news which relates to bitcoin, they'll make it more exaggerating.

This is also a possibility. Huge corporations paying world-renowned economists to throw shade at cryptocurrency and bitcoin to influence the people to not invest on it is a common smear campaign that is also quite effective, as it is done by major brands against their competitors in the past.

[Oilacris]

These economists who oppose Bitcoin behave very differently so they are not able to accept this technology.  Maybe because they are more aware of the cons of being volatile and unpredictable, they simply don’t fully understand the importance and the benefits it brings to the continued development of the financial aspect and the benefits it brings to having freedom in the digital assets and in conducting online transactions.

actually I don't really think about this, after all, everyone has the right to support crypto or not according to their own understanding. we know that systems involving cryptocurrencies are in stark contrast to the centralized economic systems currently implemented around the world. maybe, this system disturbs the existing order and can be a big threat to them. I dunno, I don't really know technically about that. what is clear I can take advantage of here then it is more than enough. while the issues of both pros and cons from world economists, consider it to create waves in the crypto ecosystem so that it is not boring.

Its a free market then its really free for everyone to dive in and make out their own sentiments or opiniongs.It is just that the community is really just  too reactive or mindful on whats those words is all  about.

Always opposing bitcoin? For sure they will but not all would be diving on the same bandwagon and would definitely realize if they do prove out for theirselves about its usefulness or relevance.

Also,we dont even know if those  no-coiners or trying out to say negative things on bitcoin but secretly accumulating it and wouldnt be known on the public.

[bluebit25]

Yes, it still doesn't satisfy them, and I think they also have their own positions and arguments. The right or wrong of the matter depends on the perception of the viewer, but I don't see many people who are against it. Perhaps it is more true that there are only a few who still do not want to accept them into this world.