Why Traditional Finance Professionals Shy Away From Bitcoin
It's not really a secret—traditional finance experts often dismiss Bitcoin and the broader crypto space. But what's actually driving this skepticism?
The answer lies in the fundamental mismatch between their worldview and what Bitcoin represents. These professionals built their careers on centralized systems, regulated institutions, and intermediaries that profit from control. Bitcoin disrupts all of that.
They're trained to view volatility as risk, stability as virtue. Yet Bitcoin's price swings—while real—shouldn't obscure its core utility as a decentralized store of value immune to monetary debasement. They see complexity where there's actually elegant simplicity: a peer-to-peer system with no middleman.
Another factor? Vested interests. Banks and financial institutions generate enormous revenue streams from fees, custody, and market gatekeeping. A truly borderless, permissionless monetary network threatens that model directly.
The irony is striking: they warn about Bitcoin's risks while working within a system that's already failed multiple times—2008, quantitative easing, currency wars. Meanwhile, Bitcoin keeps doing what it was designed to do: secure transactions without trusting anyone.
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SilentObserver
· 17h ago
Basically, it's just about ruining livelihoods. Why pretend there's risk prevention?
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ZkProofPudding
· 17h ago
Basically, it's just vested interests fearing elimination, reluctant to let go of that scheme where the central bank keeps printing money...
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SoliditySlayer
· 17h ago
Basically, it's about smashing their jobs. How could the traditional finance folks possibly support Bitcoin...
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QuietlyStaking
· 17h ago
Basically, it's just ruining their livelihoods, and they still have to pretend to worry about risks. LOL
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HodlTheDoor
· 17h ago
Basically, it's about smashing the rice bowl. What can bankers do?
Why Traditional Finance Professionals Shy Away From Bitcoin
It's not really a secret—traditional finance experts often dismiss Bitcoin and the broader crypto space. But what's actually driving this skepticism?
The answer lies in the fundamental mismatch between their worldview and what Bitcoin represents. These professionals built their careers on centralized systems, regulated institutions, and intermediaries that profit from control. Bitcoin disrupts all of that.
They're trained to view volatility as risk, stability as virtue. Yet Bitcoin's price swings—while real—shouldn't obscure its core utility as a decentralized store of value immune to monetary debasement. They see complexity where there's actually elegant simplicity: a peer-to-peer system with no middleman.
Another factor? Vested interests. Banks and financial institutions generate enormous revenue streams from fees, custody, and market gatekeeping. A truly borderless, permissionless monetary network threatens that model directly.
The irony is striking: they warn about Bitcoin's risks while working within a system that's already failed multiple times—2008, quantitative easing, currency wars. Meanwhile, Bitcoin keeps doing what it was designed to do: secure transactions without trusting anyone.
Maybe that's exactly why they hate it.