President Trump : "Bitcoin is a scam."
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I'm not sure about "scam." I totally understand skepticism and share in a lot of that. Although I have played around with it in small dollars. I love the concept of a better payment processing system, which I'd actually argue is not Bitcoin itself anyway.
The thing about calling it a scam, is to me that implies fraud or ill intent.
I think the “scam” comes in the hype machine built around it. Like you’d have to be retarded to believe that the like d-list celebrities they’re paying to claim they will literally never sell their bitcoin at any fathomable price are being genuine, but it seems like some people are falling for it.
I think you'd also have to be retarded to think that big institutions are buying up large Bitcoin investments with the intention of losing money.
Aren't they buying Ethereum more now?
Not sure, I haven't been keeping up on all the news. My point still stands though, whether you love or hate crypto, rich people and groups are pouring money into it to get out of the dollar.