Max Planck understood that many scientists who had spent their entire lives operating under a certain set of assumptions about how the world worked would recoil in horror at new theories that rendered their life's work moot. The old guard was always reluctant to accept a new theory, no matter what the evidence:
A new scientific truth does not triumph by convincing its opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it.
Max Planck
As we see central bankers throw out disparaging remarks concerning bitcoin, I would encourage you to think about Planck's insight. I believe that our children, and our children's children, will laugh at the concept of trusting central bankers with their money. It is these old guard central bankers who refuse to accept the new reality. It isn't that they don't understand bitcoin, I believe they do. It is that bitcoin forces them to realize that they have wasted their lives promoting a world that runs on fiat money. This is what they really hate.
Disclaimer: This is not investment advice.
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