Cryptocurrency has been a hot topic of debate in recent years, with many people questioning its legitimacy and reliability. Despite its growing popularity, cryptocurrency is still disliked by many in government, investors, and financial institutions, who often refer to it as a scam.
The primary reason why cryptocurrency is disliked by many in government, investors, and financial institutions is because of its lack of regulation. Cryptocurrency is not backed by any government or central bank, and it is not subject to the same regulations as traditional currencies. This lack of regulation makes it difficult for governments and financial institutions to monitor and control the flow of money, which can lead to money laundering and other illegal activities.
Another reason why cryptocurrency is disliked by many in government, investors, and financial institutions is because of its volatility. Cryptocurrency prices can fluctuate wildly, making it difficult to predict the future value of a particular coin. This makes it difficult for investors to make informed decisions about their investments, and it can lead to significant losses if the market moves against them.
Finally, cryptocurrency is disliked by many in government, investors, and financial institutions because of its association with criminal activities. Cryptocurrency is often used to facilitate illegal activities such as money laundering, drug trafficking, and terrorism financing. This has led to a negative perception of cryptocurrency, and many people view it as a scam.
Despite its detractors, cryptocurrency is becoming increasingly popular and accepted by more people. As more governments and financial institutions begin to recognize the potential of cryptocurrency, it is likely that its reputation will improve. In the meantime, it is important to remember that cryptocurrency is still a relatively new technology, and it is important to do your research before investing in any cryptocurrency.
47 thoughts on “What Are the Reasons for Government/Investor/Financial Institution Disapproval of Cryptocurrency and Its Labeling as a Scam?”
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Because they can’t control it
Because aren’t the whales in this project.
If they buy , prices rise and they don’t want that obviously 😂.
Threat detection is why. Fear.
Because it’s more difficult to control and it doesn’t just make the rich richer, but also gives an opportunity to anyone.
Because they want you to buy their stuff to make money for them…
The banking system and Federal Reserve want control over everything. Bitcoin is competition to that.
Basically greed and power is why they hate Bitcoin.
they don’t like things that are not under their control.
Because they want total control of our lives…
The people in power control everything, that’s why they fight crypto because crypto can’t be controlled.
First one is the no control of our money, and gov and Banks dont want to lose that power.
Second one is, well, there are many shit projects.
The government wants to control us
Because they fear it
Because the next goal when you reach power is to maintain that power and not losing it.
Because they don’t like competition. They don’t want people to be free and financially independent. They want all power and money for themselves.
Cause they can’t control it and it’s a threat to them
Because they are friends with bank people, and crypto could kill banking system.
Maybe because most of the crypto is a scam. I would say that 99.9% of crypto is a total scam. Might be more
Very simple answer to that:
Crypto will bring change to the system and any change, for good or bad, has the possibility to take their power. They are afraid of Crypto because they are afraid to lose their power.
Crypto doesn’t generate sales taxes, income taxes, inheritance taxes…
Because they are jealous and fear crypto
Banks, IMF, Government and Billionaires are scared of decentralization. The power they have got from FIAT, they are gonna lose and they don’t want it.
Once upon a time they called cryptos a scam than they found out that profit can be made and decided to join the party and cryptocurrency skyrocketed… Moral of the story and the answer to your question :
Anything that can be profitable and many people beliving in it >>>has value> big value
Have you not seen the absolute fiasco that was LUNA, FTX etc.? It is no wonder a lot of people see it as a scam even though there are legitimate projects
Because they can’t control it
because crypto can destroy the banking system, so the government is worried that the government cannot regulate the country’s economy as they like
You said it, it’s a threat. They don’t want it to succeed unless they’re in at the bottom with as much control and leverage as possible.
They Fear It
First of all, many are a scams. Second of all, none of the higher up people like the fack that something could subvert their established system
It takes away their ability to print, and the power to print is the sole reason that a welfare state can exist. The whole thing is built on a scam, a pyramid fiat scheme that will implode, possibly in the near term.
Because they can’t control what you do with your money, the world is set up in a way that there is little money transfer between those who have it and those who don’t
With crypto anything goes and you can’t tell whose coins you’re buying, power is decentralized, supply is capped, etc
The scam ran since they decoupled gold from fiat. They dont want the scam to end. Easy
because they think that the money invested in crypto can be invested in their field
Quite pure and simple, they have no control over the blockchain and have no way of controlling their citizens monetarily, hence why CBDCs are being purpose-built for just that. That’s why the ‘powers that be’s’ FUD machines are firing on all cylinders
Because they don’t understand it.
My wife says: “because they’re afraid of it”.
Because they can’t control it – Simple as that!
Because cryptocurrencies are banks’ archenemies
When you don’t understand something, you paint it in a bad light.
Just like people talked shit about medicine back in the day
They scared. Plain and simple. They stand to lose a lot of money if we let the masses do their own banking
I’m sure the government hates Monero more than Bitcoin.
Because those investors, people belonging to governments and financial institutions do whatever is necessary so that Centralized (or traditional) Finance can continue with its power and its usual way of doing business. Clearly, when you touch someone’s business, and on top of that you put them to compete against something that gives people greater utility and greater financial freedom, how do you think these actors are going to react?
They won’t be able to control it, so they fear it
Hate us cuz they ain’t us
Because it’s transparent, because they can’t control it, because they can’t make money out of it
To understand fully just look at the CBDCs that they’re proposing.
Why would a government want a CBDC?
So they could keep an eye on every single citizen in their country and what money they have, they will seize, or tax it. And whatever money they have they will tax the hell out of them.
Let me summarize it in one word:
They don’t even like too much precious metals to be fair, but they act as a pure store of value so they’re fine with it.
But if they can’t print it they don’t like it