Help me understand bitcoin

[Mnementh]

JimmyFantasy said:

The funny thing about Bitcoin and cryptocurrencies is this:
common people continue to have doubts and being skeptical while the very important people keep buying huge amount of crypto currencies (in billions).

Why Tim Cook (Apple), Jeff Bezos (Amazon), Jack Dorsey (Twitter), Elon Musk (Tesla, Space X), Dan Schulman (PayPal) and many many others invest in this new economy? Why on the other hand, mainstream media keep saying to common people that's scam!?

That's the real question.

Considering this, one thing is for sure, the crypto / token economics is here to stay, and the big boys know this for long time.

The answer to this is pretty simple and not a conspiracy: rich people have money to invest and are able to lose investment without being ruined and therefore are willing to make more high risk bets. They also can use their own brokers they trust instead of one of the more public facing brokers, of which some are scammers. So yes, it is understable why the rich people invest. If Bitcoin crashes they lose some investment, but still are rich. If it takes off they are multiplying their investment.

And the media are generally telling everything that sounds like a good story. People tend to buy into stories, that anything new and unknown is dangerous, so enough media is willing to fulfill this need.