Some rich person not interest about bitcoin for following reason

[nurilham]

Everyone has different desires in investing and there are some people who don't like investing in Bitcoin and this will not have the slightest effect on people who already like Bitcoin and they can understand well about Bitcoin and how they can profit from investing and trading on Bitcoin so they really like it and those who don't like it maybe they don't understand Bitcoin well and also maybe they have found a way to make money in another way which they think is easier.

If there are people who dislike to invest in Bitcoin, I believe they don't know well about Bitcoin. They only heard Bitcoin is high risk investment with a big volatility. They probably know that Bitcoin is illegal thing in many countries in the world. If those people know Bitcoin is very potential for future asset which probably increases multiple times and it has a clear cycle every 4 years, they should be interested to invest in Bitcoin. It is quite unfortunate that there are many people who know Bitcoin from the negative side only, even worse they know it from bad sources.

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[Boomber]

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.

rich people will not be interested in Bitcoin, because they are already rich and prefer to invest their money safely, so of course not many rich people are interested to investing in Bitcoin, but people who want to be rich, will definitely invest in Bitcoin, because investing in Bitcoin has the opportunity to become rich, therefore there are still many people who want to be rich will definitely take the risk of investing in Bitcoin, because only Bitcoin can make us rich even though the risk is also very high.

[n0ne]

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.

rich people will not be interested in Bitcoin, because they are already rich and prefer to invest their money safely, so of course not many rich people are interested to investing in Bitcoin, but people who want to be rich, will definitely invest in Bitcoin, because investing in Bitcoin has the opportunity to become rich, therefore there are still many people who want to be rich will definitely take the risk of investing in Bitcoin, because only Bitcoin can make us rich even though the risk is also very high.

Agreed, people who are already rich doesn't want more money to enjoy life. For people who are in the middle class struggle hard to enjoy the next level of life. Even in the cryptocurrency industry it is possible to see quite few numbers of rich people, whereas the majority belongs to the middle class who keep on learning and innovating things to make themselves better in life. When one doesn't want money, they'll never think of it. This is why most of the rich continue their traditional investment and doesn't focus on cryptocurrency.

[TelolettOm]

rich people will not be interested in Bitcoin, because they are already rich and prefer to invest their money safely, so of course not many rich people are interested to investing in Bitcoin, but people who want to be rich, will definitely invest in Bitcoin, because investing in Bitcoin has the opportunity to become rich, therefore there are still many people who want to be rich will definitely take the risk of investing in Bitcoin, because only Bitcoin can make us rich even though the risk is also very high.

Yes, we  could say that most of them are more interested in investing in real goods or in shares of companies that are already big. They usually prefer things that carry low risk compared to high risk. Their calculations are quite large for this.

However, that doesn't mean all rich people think that way. because many people have started to open their eyes and minds about cryptocurrency. Even though it may not be that big, even if they have started investing in Bitcoin for some reason, at least this can open their horizons.

BTW, when we talk about this there are probably many people who don't like Bitcoin. Remember, a hater will still hate Bitcoin for whatever reason.

[syedakhlaque]

As far as I am concerned, during the time of the fathers, a rich person does not have the spirit of hard work and struggle. He is relaxed and easygoing. But compared to this, a person from an middle class or poor family has a lot of passion to work, struggle and move forward. His life has a mission and purpose. He wants to do something in the world.
Bitcoin had great attraction for middle class and  poor person including students and old age person. Bitcoin is the coin and it is the name of hard work, struggle ,study and concentration. So a serious person who knows its worth and potential will join it.

[Mr. Magkaisa]

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.

        -  If there are other rich people who don't like Bitcoin, that's fine, because in the first place, they are not a loss to us, and we are not a loss to them either. Then that's another rich man; even without Bitcoin, he can still do what they want, that's all.

It's like that in this industry: there are believers and unbelievers; we can't survive if we only have positives; there must be some negatives to balance everything. But it also does not mean that a rich person should believe the same as poor people.

[wallet4bitcoin]

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.

The fact that a fewer amount of people are currently holding Bitcoin in large quantities doesn't concern the effect the technology and the currency is having in the world. If she decides to get in on it or not still doesn't change anything also, if her considerations are bothered on that, let me ask, how many trillion dollars are currently in circulation and how many people are holding large amounts of it?

The answer to this does not in anyway make you stay out of working to earn it or investing to make loads of it. If she sees it from this standpoint then things will be a whole lot easier.

[Ale88]

Everyone has different desires in investing and there are some people who don't like investing in Bitcoin and this will not have the slightest effect on people who already like Bitcoin and they can understand well about Bitcoin and how they can profit from investing and trading on Bitcoin so they really like it and those who don't like it maybe they don't understand Bitcoin well and also maybe they have found a way to make money in another way which they think is easier.

If there are people who dislike to invest in Bitcoin, I believe they don't know well about Bitcoin. They only heard Bitcoin is high risk investment with a big volatility. They probably know that Bitcoin is illegal thing in many countries in the world. If those people know Bitcoin is very potential for future asset which probably increases multiple times and it has a clear cycle every 4 years, they should be interested to invest in Bitcoin. It is quite unfortunate that there are many people who know Bitcoin from the negative side only, even worse they know it from bad sources.

The simple fact that bitcoin has a very high volatility is enough to scare off many people. Not everyone is the same, there are people who prefer not to invest (in general, not only bitcoin or cryptocurrencies) because they can't stand the fact the the price fluctuates so if they buy something at $10 and it goes down to $9 they tend to sell because, in their mind, the price will keep falling forever. Not everyone is supposed to invest.

[HajiBagi]

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.

You're right, buddy, trying to influence people's opinions about money is a bad idea, not to mention extremely dangerous. Rather than confusing someone about money matters, I will mind my own business because some people don't want to lose their money. Whether they are wealthy or not, I will never advise someone to invest in bitcoin. As for the friend's lack of interest in the cryptocurrency, I think it's a good idea because I don't know what he sees that makes him that way, and rich people don't even deserve to be advised to do so.

I said that the wealthy don't deserve to invest because a large number of them will not view your advice as sound, believing instead that you are trying to scam them. Wealthy individuals are extremely self-centered and always see the bright side of anything that comes from those who are not as wealthy as they are. I don't know about others, but I don't think it is appropriate to advise the wealthy.

[Victorik]

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.

I do not agree totally with this assertion that he is already rich that's why he doesn't want.to invest in Bitcoin.
If I may ask, is Elon musk not rich, or did he make his money from Bitcoin? The obvious answer is no! There are many rich people who are still holding Bitcoin.

So, I don't want to believe that he isn't investing because he is already rich. I think this person has personal reasons why, probably he doesn't have faith in it and don't believe in it.