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Why Bitcoin Skepticism Persists Even as Mainstream Adoption Grows: Adam Back

Bitcoin has been embraced by BlackRock and the U.S. government, but skeptics remain. Early Bitcoiner Adam Back shares his take on why.

Bitcoin—once an arcane tech largely used by people wanting to buy illicit goods on the dark web—has now gained institutional acceptance. 

With everyone from Wall Street giants like BlackRock to the U.S. government getting involved, the leading cryptocurrency is now more mainstream than ever. You can even buy burgers with it.

So it begs the question: Why is it still so hard for some people to understand and accept? With traditional finance heavyweights like investor Warren Buffett and JPMorgan Chase CEO Jamie Dimon slamming the asset, it's appears that some people will never be open to Bitcoin.

Why Bitcoin Skepticism Persists Even as Mainstream Adoption Grows: Adam Back

Bitcoin has been embraced by BlackRock and the U.S. government, but skeptics remain. Early Bitcoiner Adam Back shares his take on why.

Bitcoin—once an arcane tech largely used by people wanting to buy illicit goods on the dark web—has now gained institutional acceptance. 

With everyone from Wall Street giants like BlackRock to the U.S. government getting involved, the leading cryptocurrency is now more mainstream than ever. You can even buy burgers with it.

So it begs the question: Why is it still so hard for some people to understand and accept? With traditional finance heavyweights like investor Warren Buffett and JPMorgan Chase CEO Jamie Dimon slamming the asset, it's appears that some people will never be open to Bitcoin.

https://decrypt.co/320512/why-bitcoin-skepticism-persists-adam-back