🪙The world of cryptocurrency came into the world of the 21st century quite suddenly. No one suspected that it was possible to introduce a cloud virtual coin as a full-fledged, viable, and, most importantly, competitive coin on the financial market.💱
In response to action, there is always a reaction.⚖️ A big ball of criticism followed. For some, this has become a shocking and completely incomprehensible way of making money in their understanding. The usual tycoons who sunk their money into exchange-traded funds were perplexed. They asked a question "Does it make sense for a new coin like Bitcoin to exist?"🤔
Joseph Stiglitz, the former head of the World Bank🏦, has long been critical of the crypto industry:
"We have a very good currency so far; the currency works very stable, no one needs to switch to cryptocurrency," he added.
His criticism went as far as agitating for "total blocking of oxygen to the altcoin."😱
😏In turn, the world's largest billionaire and investor, Warren Buffett, cemented his reputation at the annual meeting of shareholders by saying that he would not even give $25 even for all the bitcoins in the world.😤
Peter Schiff, CEO and chief strategist at Euro Pacific Capital, says the only cryptocurrency he will back is one backed by gold.🪙
As we can see, criticism does not mean that it is bad.😵 Any criticism makes the subject stronger and even more popular.💪 Criticism is a real manifestation of billionaires' frantic fear that something is not going as planned. They are afraid of competition and afraid of the fall of the dollar as the main world currency.📉 The process of penetration of the crypto industry is irreversible!✌️
