Some rich person not interest about bitcoin for following reason

[Abu-Naim]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Your have limited knowledge about Bitcoin that is why he thinks that it is only few people that hold bitcoin and they can let it down when they want which is very wrong.
Despite bitcoin been in a limited supply, it is a store of value and it is decentralize unlike altcoin.
If your friend said that Altcoin can go down if the investors decide to brings it down, I will agree 100% with his thoughts because they are centralized and can be tempered with through bankruptcy, emotions and others.

[Cryptomultiplier]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Your have limited knowledge about Bitcoin that is why he thinks that it is only few people that hold bitcoin and they can let it down when they want which is very wrong.
Despite bitcoin been in a limited supply, it is a store of value and it is decentralize unlike altcoin.
If your friend said that Altcoin can go down if the investors decide to brings it down, I will agree 100% with his thoughts because they are centralized and can be tempered with through bankruptcy, emotions and others.

Apart from even having rich friends not interested in BTC, one thing to understand about the Bitcoin idea is that it is still money. It is an option for a kind of money that has its own opportunities and discoveries.
Those who become rich from BTC investments sort after it as a means by which to get more wealth by being disciplined and persistent with investments in it, or by using it as an alternative to stay safe away from prying eyes and government palava.

[Ojima-ojo]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

So who then is your friend,  that he is afraid of all the names mentioned?


I don't believe in your friend's assumptions that Bitcoin is only held by a few sets of people who like their control over what direction the value of Bitcoin will go, so for sure bitcoin as a proof of work, is not easily manipulated by high volume providers like what we have with the proof of stake network where a few pool providers can easily manipulate and control the transaction confirmation, e.g like the Ethereum network recent network migrations.

[tjtonmoy]

Learning about it does not make someone fully trust on Bitcoin. People's opinion will only change about Bitcoin being positive when they learn everything about it. When I say everything I mean everything. From the good, to bad, to the worst. Every single details need to be known for person to fully understand what Bitcoin really is and what it can do.

Assuming that your friend knows enough but still don't want to trust Bitcoin, then it is his personal choice. If they are not interested in it then leave it like that. Him joining crypto world won't make any good for you. So why waste time on people who are ignorant? If you are happy with your decision about joining the crypto world, be happy with it. What others do and doesn't, it shouldn't affect your life at all. Be on your own and write your own story. Do not interfere in other people's personal space. And never give financial advice to people even if they are your best friends.

[target]

You have to explain to him that the world is going digital and if he lives longer, his cold hard cash may not be useful anymore because the government will deem them useless. But I think old rich people are more into gold investment as they are more into physical investment like real properties.

I have met such kind of person and he is open to new things, he still lives in the old town since the time he was born. Never go live somewhere else.

[Crypto Library]

First of all I don't know how much your friend is richest . But he has the full rights to control his fund where he should invest. There is no need to force him to invest in Bitcoin.  If you want, you can show him just some information.
For example, does he know what percentage of Bitcoin's total supply is lost forever? It is estimated that about 30% of the total supply of Bitcoins is lost forever and this 30% Bitcoins will act as a donation to many future Bitcoiners. So apart from these there are now large whales who are holding and many more miners and bitcoin holders than that. Otherwise only they would have manipulated the market so far.  Manipulating phenomena is not completely untrue but its effect is not long lasting. But to avoid this little manipulation, I think it is true that the adoption of Bitcoin by more people on a larger scale is more important than holding such big whales.

[tabas]

The market isn't interested in him neither and that's why let him say what he want to say and let his opinion be voiced out about Bitcoin. It's true that there are a lot of holders that can move the market as what we call whales. But it's not what he's thinking of letting the market down through them. Aren't we used already to the moves of the market based on the news that we're seeing whenever there are good or bad news that's being released by the media? It's okay if your friend doesn't need Bitcoin, the known and rich people in several industries that are investing on it. Nothing personal, someone might like or not Bitcoin and your friend is on the latter.

[Finestream]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Probably he doesn't see any high potentials with bitcoin and he's good even without bitcoin. Even if you are aware how bitcoin works, as long as you're not totally convinced that its going to give you life-changing profits, then you won't be totally in it. If you don't have enough faith on bitcoin, then it's better to just stay away from it. Otherwise, if you suffer from losses, you might be putting your blame to other people.

People have different views about bitcoin. Some may positively see it as a means to improve their life, while others believe that there's no special on it. As long as you don't see yourself convincing other people to trust on it, then you're safe.

[Stalker22]

Looking forward to the well thought out opinion of the experienced in this regard.

Okay, I do not think your buddy is looking at this the right way.  The crypto market is friggin' enormous and  even if some big players like CZ or Saylor or whoever have a decent chunk of Bitcoin, thats still just a drop in the ocean compared to how much Bitcoin is out there.  I mean do the math.  These guys cannot control the whole market. 

Sure, if one of them makes a big move, it will cause some ripples and people will react.  But sinking the whole ship? No way.  Thats just not realistic.  Bitcoin has gotten so big that no single person or group can have that much influence anymore.  Theres too much momentum behind it at this point. So in my opinion, it is silly to freak out about a few whales moving the price up and down.  Thats just short-term noise.   

[Sanitough]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

They have their own reasons and we have our own reason as well. And we can't just expect that whatever we say about bitcoin, they will find it easily believable and easily put their trust on it. Know that once money is involved, rich people are more meticulous than average people and they won't easily invest on something unless if they have seen it more worthy of their money and more profitable than other types of investment.

It's safe not to assume that if bitcoin creates a life-changing result with some people, the outcome might be somehow different to other people. One thing is certain, you have to trust your investment first before you decide to take the risk. That way, you will be more open whatever outcome it brings to you.

[Antotena]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Your friend lack exposure to financial system. Is he going to say the same thing if they open Vanguard and Blackrock portfolio to him, will he say he will hate Tesla and Microsoft for these two entities that dominate this stock and shares? I doubt know, so I think his argument is malnutrition without a quality reason for snubbing bitcoin. At least, he should have a concrete and solid reason and not CZ and the rest that are not even among rich list of bitcoin.

Micheal Saylor does own most of the coins under his management, it's people investment and it's his responsibility to look after because that's his job. As for CZ, bitcoin isn't the asset that made him along richest crypto dude, it's bnb and that coin depend on the growth of his exchange, it doesn't have anything to do with bitcoin. Craig Wright is just another lunatic disguiser that is wana be Satoshi but when nobody took him seriously, he is in one corner resting his legs without any influencing power again.

[Accardo]

Learning about it does not make someone fully trust on Bitcoin. People's opinion will only change about Bitcoin being positive when they learn everything about it. When I say everything I mean everything. From the good, to bad, to the worst. Every single details need to be known for person to fully understand what Bitcoin really is and what it can do.

Assuming that your friend knows enough but still don't want to trust Bitcoin, then it is his personal choice. If they are not interested in it then leave it like that. Him joining crypto world won't make any good for you. So why waste time on people who are ignorant? If you are happy with your decision about joining the crypto world, be happy with it. What others do and doesn't, it shouldn't affect your life at all. Be on your own and write your own story. Do not interfere in other people's personal space. And never give financial advice to people even if they are your best friends.

The context of the OP's thread isn't correct in the sense that, a person who learned something can't be said to not have interest in it. I mean nobody forced him to learn bitcoin. So, at that time he was interested in bitcoin. But, to some extent. He did his research, and wasn't satisfied enough to invest into bitcoin. Yet, such a person has invested time, also, in learning bitcoin. Which isn't bad at all. Not everyone would practice what they've read. Hence, making your opinion very correct. His friend's decision should be respected at all cost. What if the going gets tough as usual in bitcoin, and Op's friend lose his money. Wouldn't he feel bad about his friend, whose consistent talk of bitcoin convinced him to invest money in bitcoin, while he had no such intentions of doing such thing. Additionally, personally, people always cut friends that wants them to do what they're into at all cost. Friendship should be respected. I'm not saying Op is forcing his friend to join bitcoin world. But, it's slightly close to that.

[Ojima-ojo]

Bitcoin as far as i known is for everyone and even though just a few percentage of people know and use Bitcoin globally,  but then also we also have hard alot of bitcoin users who uses Bitcoin for day to day transactions, so even though you have all the money in the world,  bitcoin can still be a currency for transaction to for instead of taking it as a form of investment.

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

Your have limited knowledge about Bitcoin that is why he thinks that it is only few people that hold bitcoin and they can let it down when they want which is very wrong.
Despite bitcoin been in a limited supply, it is a store of value and it is decentralize unlike altcoin.
If your friend said that Altcoin can go down if the investors decide to brings it down, I would agree 100% with his thoughts because they are centralized and can be tempered with through bankruptcy, emotions and others.

What your friend also need to do is to have a change of mindsets, because with his current understanding of what Bitcoin is and the possibilities of becoming dummied by the perceived whales as mentioned, the likely existence of that is not there so for sure Bitcoin price is volatile but through the volatility, one good thing has become available.

[JoyMarsha]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

After your friend has learned about bitcoin, what he can only be afraid of is the few people that have a lot of bitcoin(the whales) to dump the bitcoin they have on the crypto market. That's funny because he failed to understand that and realized that institutional investors, crypto influencers, and investors are all investing, promoting, and aligning themselves with bitcoin so that they and their family and friends won't miss out on the financial freedom that comes with bitcoin investment.

After your friend has seen or heard about this, what he can only be afraid of is the dumb to happen. And to him, if the dumb of bitcoin is to happen by the whales at the same time, that's the end of bitcoin in price. Is that what your friend means? Sorry to say this, I don't think your friend learn about bitcoin enough because someone who does would know that the few who owe a large amount of bitcoin won't choose to dumb their bitcoin at the same time. Even if they do, there will still be many people who would like to buy bitcoin at a low price, knowing full well it will increase back in price with time and that will give them enough profits.

[nakamura12]

Each of us have our own reasons why we decided to do it. Your friend may be rich let's put it that way since you didn't explain or tell the level of how rich is your friend. You should ask your friend if there are other reasons why your friend isn't interested in Bitcoin. I respect your friend's decision but for people like us is that it is a good opportunity to earn money. Well, I wonder who would trust crypto right away after learning about it because I am sure that some people are anxious about spending their money to buy crypto at the beginning.

[AmoreJaz]

After your friend has learned about bitcoin, what he can only be afraid of is the few people that have a lot of bitcoin(the whales) to dump the bitcoin they have on the crypto market. That's funny because he failed to understand that and realized that institutional investors, crypto influencers, and investors are all investing, promoting, and aligning themselves with bitcoin so that they and their family and friends won't miss out on the financial freedom that comes with bitcoin investment.

After your friend has seen or heard about this, what he can only be afraid of is the dumb to happen. And to him, if the dumb of bitcoin is to happen by the whales at the same time, that's the end of bitcoin in price. Is that what your friend means? Sorry to say this, I don't think your friend learn about bitcoin enough because someone who does would know that the few who owe a large amount of bitcoin won't choose to dumb their bitcoin at the same time. Even if they do, there will still be many people who would like to buy bitcoin at a low price, knowing full well it will increase back in price with time and that will give them enough profits.

well, we can't expect everyone to be impressed on this market. so there's no reason to force them to believe what this market can do. they will have their own time of appreciation of this market and you should not shove it on their face. so just leave it and it is not your loss if he won't be here in this market. he maybe has other options to improve his wealth and that's none of your business.
on the other hand, if you believe you have very good chance on this market, why not exhaust all possible options that you can involved with.

[BitDane]

I hope it is not too late when he will realized what the value of bitcoin could be in some years to come.

I believe @OP friend is already at a financial freedom status.  So @OP's friend think that he is not missing out on the opportunity if he will not invest in Bitcoin because he is already well-off and probably @OP's friend has business that is giving him way more profit than investing in Bitcoin.

My friend is also not into Bitcoin but he is getting richer each day because of his successful business and it is being franchised in different part of the country.

@OP's friend's argument makes sense, if only a few individual holds most of Bitcoin then, the market can crash instantly if these people decided to dump their holdings.

The context of the OP's thread isn't correct in the sense that, a person who learned something can't be said to not have interest in it.

It is possible that @OP's friend got interested on Bitcoin in some point but then realized the distribution of coins and thinks that there are few individual that has the capacity to crash the market and got disappointed knowing it. 

Besides being interested does not mean the person will indulge himself on investing or using it.  Probably it is the curiosity that pique his interest and found out get disappointed on what he found out upon researching about Bitcoin.

His friend's decision should be respected at all cost.

I highly agree, we must respect others decision and point of view about Bitcoin investment and the Bitcoin market system.  Besides it is not our money that these people will use if they decided to invest but theirs.  So we actually should have no say on whatever they wanted to do with their money.

[gunhell16]

If he is already rich enough, he may not need bitcoin, although I find your argument too simplistic and I would like to know your friend's level of 'rich'. Do you know approximately how much wealth he has?

Anyway, it is a bad idea to try to change people's minds on financial matters.

In these times, there are still many rich people who have no interest in Bitcoin. The only ones who are always interested in it are the rich, who see this great potential and want to increase their wealth, so they buy it.

Yes, it is true that it is still too early for others that Bitcoin can be considered very young compared to other opportunities that have been in the industry for decades like this, but change Bitcoin, because many people have become aware and others have made a living even hope because of Bitcoin because they had a new solution to their financial problems.

[Queentoshi]

A friend of mine is not interested in buying Bitcoin even after learning about it.

It is not everybody that hears about Bitcoin that will be interested in the benefits that it offers and that is normal and something that we have to come to terms with so that we do not keep forcing it down to this people to invest in Bitcoin. Rich and already successful people may not be interested in bitcoins because they have already set other investments and have their way around transactions across the border. It is difficult to convince a rich person about something new when you are not as successful as they are.

[Natalim]

A friend of mine is not interested in buying Bitcoin even after learning about it.
Because according to him Bitcoin is a small number of people who have a lot of Bitcoin. They can easily go down on the bitcoin market if they want to.
Example: Cz. Craig wright & Michel Sailor etc.

Looking forward to the well thought out opinion of the experienced in this regard.

We can say that not all have an interest in the crypto market and it is because of different/opposite views about Bitcoin. We can't force them either and influence their thinking because that only causes misunderstanding. In fact, even in our family, some of them don't support us meaning, they are just like those rich people who also ignore and are not able to see the potentiality of Bitcoin. In the end, Bitcoin investments are just for those people who have an interest and are willing to understand how it works, not just because they are rich or even poor.