In my opinion the real reason behind some of the statments that a bunch of these econimmest that give about bitcoin and crypto, is generaly because they wanna protect their investments, because if you think about it who is going to get hurt from crypto rising up and becoming more mainstream, the awnser is the banks it eliminates the need for them, and if crypto rises above all the other investments these poeple will lose money, so its in thier best intrest to talk shit about it.
Not all economists are investors but they know the importance of investment and if someone being an economist then they are not going to invest on any assets which will depreciate with the fall of fiat purchasing power so if fiat losses they are going to make more money actually but the real reason is they don't understand the technology behind it even though they understand the decentralization, most of them believes that bitcoin can be made with a single click on a computer but it will never be like that. 
Topic: Why do many mainstream economists always oppose Bitcoin? - page 5. (Read 1126 times)
I think not all economists.do that, there.are still many economists.who also want change, but for.economists who reject it they are afraid.of what they think will be rivaled.by the presence.of the bitcoin world which provides.many changes.to boost the economy.of a country they want. think that the crypto world will rule the world which can make them.slowly disappear
The ideology of promoting and refusing to accept blockchain technology is an obvious "contradiction". They stand with what they feel they deserve from the government, face the selfishness and that is the nature of being anti-bitcoin. Check out Visa's latest moves for Australia. It is a worthy thing about change. https://cointelegraph.com/news/visa-to-approve-bitcoin-spending-card-for-australian-startup-cryptospend
In my opinion the real reason behind some of the statments that a bunch of these econimmest that give about bitcoin and crypto, is generaly because they wanna protect their investments, because if you think about it who is going to get hurt from crypto rising up and becoming more mainstream, the awnser is the banks it eliminates the need for them, and if crypto rises above all the other investments these poeple will lose money, so its in thier best intrest to talk shit about it.
It is not surprising to see some of these old school economists badmouthing Bitcoin. Their entire career has been built on mainstream economy, which frowns upon new innovations such as Bitcoin which deviates from the fiat-based core. Also, for someone who is so attached to the fiat-based economy for many decades, it is never easy to think about some other sector, which is drastically opposite. And this is exactly the reason why those in 20s and 30s find Bitcoin more attractive, when compared to those in their middle ages.
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.
The reason is simply in the ending statement of yours. Humanity is after power, everyone wants to control one another most especial the government and elite among us. Now if you're to take away that opportunity to control, don't you think those previously benefiting will give it a fight and not just let go willing, that's exactly what the government through the economist are doing.
Mainstream economist just don't want to let go of all they were taught and learnt in college/university about the financial system. They were made to believe money is what the Fiat system is operating without realizing their a better alternative in decentralized finance.
While some economist do this on purpose so as to decieve the general public while loading up their bags, others are ignorant of this information but with time, they'll all come to realize the true potential of the industry but hope by then, it won't be late.
No one can stop the trend of historical development and civilization evolution. At the moment Satoshi Nakamoto created Bitcoin, there was no artificial force to stop the development of Bitcoin. The history of the past 12 years presents this perfectly. Many economists are now defending the old economic and financial system and are launching a war against Bitcoin. However, when some people find that no one can stop Bitcoin in the end, they will also turn around and start supporting Bitcoin. This is the inevitability of historical development.
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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.
The reason is simply in the ending statement of yours. Humanity is after power, everyone wants to control one another most especial the government and elite among us. Now if you're to take away that opportunity to control, don't you think those previously benefiting will give it a fight and not just let go willing, that's exactly what the government through the economist are doing.
Mainstream economist just don't want to let go of all they were taught and learnt in college/university about the financial system. They were made to believe money is what the Fiat system is operating without realizing their a better alternative in decentralized finance.
While some economist do this on purpose so as to decieve the general public while loading up their bags, others are ignorant of this information but with time, they'll all come to realize the true potential of the industry but hope by then, it won't be late.
Economists are old people who never actually knows what is bitcoin so they assume that bitcoin can be created by anyone for that they are mentioning about mining but mining is different and no one is earning bitcoin for free. Other set of people know the decentralization will make the fiat money useless so they are strongly opposing that it is a private currency meanwhile they spent their whole life to earn paper which we are using as money.
In my opinion, economists are good at summarizing past events, not the future. Bitcoin is an important economic phenomenon in the future. They don't want to think about the future. When Bitcoin has been widely recognized, economists will say yes.
Bitcoin is trying to break the system, the system they utilized to increase the size of their empire. It matters to them cause it might cause a drastic effect, and the outcome doesn't reflect on their view. Blockchain technology has more to prove; if it reached the status of being a household name, we could get more acceptance.
Very few oppose this. I personally have a thought, these people are already in the elite category. They doesn't want the middle class and the lower class people to improve their lifestyle and turn themselves rich. The middle class people are the one who work hard and make use of the opportunity than the rich. This way they'll give the best to learn and earn through cryptocurrency. There is risk, but realising the same when people are ready to invest these economists make some panicking statement.
yes , it is exaggerate to say that "MANY" when there are no actual proof of this claims , there might be some who oppose but majority of them are just riding the situation meaning they have no actual stand but what they do is putting their side on what is popular and what can make them profiting,by all means this are just a Stupidity idea of other streamers and economists .
maybe they feel very surprised by the very rapid development of bitcoin which is so much in demand by its players as is happening at this time, so they build a very negative opinion on the crypto world. satisfied with the current drop in the price of bitcoin, so many people will leave the crypto world to return to the business they control
Probably they have little knowledge about btc or not yet sure what to make of the space yet, from the look of things those who oppose are dropping in number compare to before, this days there are more economist not against crypto than before, just as we have many institutions now supporting btc more than what it use to be, now the narratives has changed quite a lot, btc is no longer seen as bad rather on the contrary.
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.
You have mentioned the real reason that they oppose bitcoin and that is because they feel it is not felt physically, seen to interact with economic indicators etc but I think the solution to this illusion is to involve Blockchain and cryptocurrency in the academic curriculum for students to start formal study in schools. This will help to diffuse the notion of bubble . The bubble story has been on since the beginning which is a huge critism from the economist.
actually not all economists think the same and only a few are old-fashioned like this,
this is very reasonable because there are several reasons that I can conclude here
the first is how does one get an economist degree? none other than the answer is from the government itself so that indirectly the economists say like directives from the government and directly aware of it or not this refers to a mindset which if bitcoin continues to soar it will become a chaos in the economy.
the second is that these economists only know about theory and rarely practice directly so that they think the theory they learn is generally correct even with the old theory so they don't want to take risks by making new steps and changing from their comfort zone. they can now.
this is just a mindset that is applied how we accept it or not
apart from that I prefer to be here now whether it can be destructive or not according to them because as far as I walk in crypto I don't know about what they are talking about whether it's a scam or a bubble that is like a bomb just waiting for time to end
this is very reasonable because there are several reasons that I can conclude here
the first is how does one get an economist degree? none other than the answer is from the government itself so that indirectly the economists say like directives from the government and directly aware of it or not this refers to a mindset which if bitcoin continues to soar it will become a chaos in the economy.
the second is that these economists only know about theory and rarely practice directly so that they think the theory they learn is generally correct even with the old theory so they don't want to take risks by making new steps and changing from their comfort zone. they can now.
this is just a mindset that is applied how we accept it or not
apart from that I prefer to be here now whether it can be destructive or not according to them because as far as I walk in crypto I don't know about what they are talking about whether it's a scam or a bubble that is like a bomb just waiting for time to end
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.
You have mentioned the real reason that they oppose bitcoin and that is because they feel it is not felt physically, seen to interact with economic indicators etc but I think the solution to this illusion is to involve Blockchain and cryptocurrency in the academic curriculum for students to start formal study in schools. This will help to diffuse the notion of bubble . The bubble story has been on since the beginning which is a huge critism from the economist.
Very few oppose this. I personally have a thought, these people are already in the elite category. They doesn't want the middle class and the lower class people to improve their lifestyle and turn themselves rich. The middle class people are the one who work hard and make use of the opportunity than the rich. This way they'll give the best to learn and earn through cryptocurrency. There is risk, but realising the same when people are ready to invest these economists make some panicking statement.
your review is very reasonable and very solid, most of those who hate bitcoin are average rich people, government and millionaires, their reasons to scare weak hands, don't know bitcoin, and say bitcoin is a scam, and not clear, mostly the nature of the rich, do not want others to equal his wealth. 
With the strong development of BTC now a lot of people have supported and approved BTC, but a few traditional banks or some people still think that BTC is a scam, they think this is a scam. The giant bubble will burst at some point, if in another way they do not understand the technology also tells the huge profit values of BTC, the idea is very important and each person will have different thoughts and ideas. Catalyst circumstances vary, for example you are exposed directly to BTC holding information of BTC and understand that in the future it will give you a sizable profit. But some other people they are affected by bad news about BTC or they have relatives or friends who say bad things about BTC of course when they invest in them they will lose everything.
Very few oppose this. I personally have a thought, these people are already in the elite category. They doesn't want the middle class and the lower class people to improve their lifestyle and turn themselves rich. The middle class people are the one who work hard and make use of the opportunity than the rich. This way they'll give the best to learn and earn through cryptocurrency. There is risk, but realising the same when people are ready to invest these economists make some panicking statement.
Whichever the case, the main point about this is that all of the people in this world do almost everything they do every day because they can expect to gain something out of those things they do. Now some may be different and do something that would benefit others more than it would benefit themselves but there is a huge chance that these things they do are just for show to boost their image. But regardless, we cannot judge anyone just because of a few things that we see them do. People have reasons for their actions that are influenced by their needs, culture, environment and so on. So unless we know everything, we should just keep our opinions about other people to ourselves. The same goes in this industry. We buy then sell, some shill, while others talk trash about other coins. That's just how things are. And thus, no matter how bad some of these may taste on our throats, it is undeniable that all these are vital ingredients that make this industry whole, continue to strive and give benefits to anyone who knows how to take advantage of most situations.
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