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RE: Dad, my wallet is worth half a million dollars (CAD)! How do you manage that? I did not learn that at school!

in #steem7 years ago (edited)

I love this post. It's right on the money, literally and figuratively. I find the real reason traditional finance experts have held off on feeding into the crypt economy buzz for so long is that they take pride in their years of expertise surrounding fiat and traditional assets. The crypto ecosystem is not aggressive growth it's parabolic growth as much of its inherent value lies in awareness about the advantages it provides. It already has a well established community of its own high value investors, experts, and major players. And it makes perfect sense why established financial professors at universities, and individuals who make a living off providing sound financial advice would not want to lose credibility by advising on something they know nothing about. The problem is the biggest mistake most make with crypto is viewing it the same way they would fiat or oil futures. This is a regular person problem, and it seems the so called experts are even more plagued by it. Whenever I see an acclaimed financial expert like a Mark Cuban, or Dave Ramsey denouncing bitcoin, it just seems like old money doing what old money does best, telling you one thing and then doing something completely different behind the scenes. I find it impossible to believe that Ramsey doesn't have bitcoin and that bank CEOs in private aren't buying up as much Ether and BTC and other coins as they can get their hands on. No way, no how.

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Indeed, many people give opinions on things they do not know or know badly.