Many people lack basic knowledge of bitcoins.
I became interested in this topic when I learned that a friend of mine was so ignorant of bitcoin that he recently received bitcoins from his father, but he had no idea what to do with them. As a result, he tried to reject the inheritance and was spared from having to argue with the lawyer who was reading the deceased father's will, which was being read aloud. Why wouldn't someone, he insisted, give him some houses and perhaps some cash so he could launch a new business?
But while his father decided to give him bitcoins, my friend was furious and even left the house because he believed his late father had given him some money out of hate for him. When my friend came to my house to tell me the story, I encouraged him to collect the coins and learn more about bitcoins, and he was furious to listen to me until I started the show and started explaining it to him. At that point, he was happy and walked back.
Actually most people are afraid of
BTC, since there are two main problems:
1. Lack of adoption: nothing can be bought directly with btc, so people can't use
BTC as money. This leads to underestimating of real value of
BTC2. Legal uncertainty: if adoption is needed for small everyday purchases, legal problems are a bad thing for expensive transactions. In any country the official status of cryptassets is vague, even if crypto is legal. That's why people avoid buying expensive things directly with btc, since such purchase is at a risk of being unaccepted by officials, which is really important in case of real estate deals.