<p>Financial experts do not hate Bitcoin. Some might hate Bitcoin -for several reasons including a conflict of interest as you suggested, but not all of them.</p>

<p>There are countless financial experts in the world including founders and investors in Bitcoin based businesses. Just do some more in depth research and you'll find them.</p>

<p>I looked at that page you provided the link to. My suggestions is don't take the Expert label for granted. Take a look at who these people actually are. Be vary of anyone who expresses a very strict opinion about something they don't necessarily understand.</p>

<p>I saw evidence of both non-expertise and outright ignorance on that page.</p>

CC BY-SA 3.0
2013-09-05T11:07:14.963Z
2013-09-05T11:07:14.963Z
Emre K.
<p>Why do people who have been in the financial industry for a long time seem to always talk negatively about it?  Does it threaten their livelihood or do they just not know enough and so they speak negatively about it?</p>

<p>I was looking at the quotes from financial experts about bitcoin and almost all of them were fairly negative, but also almost all of their titles were more traditional financial-type jobs:</p>

<p><a href="http://www.tradingacademy.com/resources/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx" rel="nofollow">http://www.tradingacademy.com/resources/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx</a></p>

<p>I'm not sure why I understand all the hate from this group.</p>

CC BY-SA 3.0
2013-09-05T02:40:26.433Z
Although you (or me, for that matter) may not agree with their opinions, labeling it "hate" seems overly and needlessly inflammatory. It doesn't exactly indicate that you're looking for a reasoned discussion. Furthermore, not all of the opinions are negative, so I wouldn't say they're *always* talking negatively about it. It's worth reading the entire page too.
John Bensin
CC BY-SA 3.0
2013-09-05T03:11:42.143Z
I used 'hate' as a colloquial expression for not speaking positively about something.  7 of the 10 opinions expressed are primarily negative opinions, hence my question.
Ben Patterson
CC BY-SA 3.0
2013-09-05T03:13:37.043Z
Colloquial or not, statements like "Does it threaten their livelihood" seem to be loaded language that invites discussion, and I'm not sure questions like this are really welcome on SE sites. Unless you have a specific question about a specific statement on that page, this is a pretty broad, mostly opinion-based question that doesn't have a definitive answer.
John Bensin
CC BY-SA 3.0
2013-09-06T06:34:15.233Z
"do they just not know enough and so they speak negatively about it". You are excluding the possibility that they speak negatively about it *because* they know more about it then we do.
Thilo
CC BY-SA 3.0
2014-03-10T16:13:13.517Z
there is some dislike/aversion expressed by mainstream economists eg Krugman & also Greenspan is on record against it etc
vzn
<finance>
Why do "financial experts" hate Bitcoin?
Ben Patterson
# Why do "financial experts" hate Bitcoin?

(Asked by: username_0 on 2013-09-05)

Why do people who have been in the financial industry for a long time seem to always talk negatively about it? Does it threaten their livelihood or do they just not know enough and so they speak negatively about it?

I was looking at the quotes from financial experts about bitcoin and almost all of them were fairly negative, but also almost all of their titles were more traditional financial-type jobs:

<http://www.tradingacademy.com/resources/financial-education-center/financial-professionals-share-their-opinions-on-bitcoin.aspx>

I'm not sure why I understand all the hate from this group.

**Tags:** finance

> **Comments:**
> **username_1**: Although you (or me, for that matter) may not agree with their opinions, labeling it "hate" seems overly and needlessly inflammatory. It doesn't exactly indicate that you're looking for a reasoned discussion. Furthermore, not all of the opinions are negative, so I wouldn't say they're *always* talking negatively about it. It's worth reading the entire page too.  
> **username_0**: I used 'hate' as a colloquial expression for not speaking positively about something.  7 of the 10 opinions expressed are primarily negative opinions, hence my question.  
> **username_1**: Colloquial or not, statements like "Does it threaten their livelihood" seem to be loaded language that invites discussion, and I'm not sure questions like this are really welcome on SE sites. Unless you have a specific question about a specific statement on that page, this is a pretty broad, mostly opinion-based question that doesn't have a definitive answer.  
> **username_2**: "do they just not know enough and so they speak negatively about it". You are excluding the possibility that they speak negatively about it *because* they know more about it then we do.  
> **username_3**: there is some dislike/aversion expressed by mainstream economists eg Krugman & also Greenspan is on record against it etc  

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## 1 answers

### Answer by username_4 on 2013-09-05. Score: 1

Financial experts do not hate Bitcoin. Some might hate Bitcoin -for several reasons including a conflict of interest as you suggested, but not all of them.

There are countless financial experts in the world including founders and investors in Bitcoin based businesses. Just do some more in depth research and you'll find them.

I looked at that page you provided the link to. My suggestions is don't take the Expert label for granted. Take a look at who these people actually are. Be vary of anyone who expresses a very strict opinion about something they don't necessarily understand.

I saw evidence of both non-expertise and outright ignorance on that page.


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