Fear, Uncertainty, and Doubt on the World’s Hardest Money
Not Backed By Anything
Nothing is backing Bitcoin. Nobody wants an uncorrelated asset not controlled by any government or corporate entity.
Used By Criminals
Criminals and terrorists use bitcoin to do illegal things. There is absolutely no crime involved with fiat money. No one has ever used cash to buy drugs.
Bitcoin is consuming so much energy. It can’t be good for the environment. There are far more effective incentives for green energy other than bitcoin.