Bitcoin FUD: 6 Common Arguments From BTC Skeptics During Bull Markets [zero hedge]
JP Morgan Chase & Co. (JPM)
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Source: zero hedge
Bitcoin FUD: 6 Common Arguments From BTC Skeptics During Bull Markets Authored by Aaron Wood via CoinTelegraph.com, Since its inception, Bitcoin has faced relentless opposition fueled by fear, uncertainty and doubt, or FUD. Critics regularly denounce Bitcoin as volatile, unsustainable or a tool for crime. These narratives resurface with every Bitcoin bull market, often deterring newcomers. Dan Held, a prominent Bitcoin advocate, said , “Naysayers try to cope with missing the boat by rationalizing why it will fail through ‘Fear, Uncertainty, and Doubt.’” But how much truth do these arguments hold? Once dismissed as a niche project, Bitcoin is now embraced by financial institutions , investors and even politicians . Yet skepticism persists, with critics questioning its intrinsic value, energy consumption and societal utility. Here are a few FUD narratives that pop up whenever Bitcoin is doing well. Bitcoin has no intrinsic value Among Bitcoin’s most persistent critics are legendary inve
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