Back in 2004 I managed money for one of the top banking families in the world.

When Google filed for their IPO, our investment committee had a long debate and then presented the findings to the owner.

He shut us down in 10 seconds:
“I’m not buying a search engine”

I also didn’t buy any shares during the IPO. After all, if this person, who made a fortune in investments and was worth billions was so convinced this was a poor investment, how could I know better?

Nowadays, when I get involved in a conversation about Bitcoin with traditional finance types, I almost always tell them this story and follow with:

“You are like Mr. X. You have a lot of knowledge. You know markets. It’s hard for me to argue with you. You will bring good superficial points. I probably can debate all of them but it will take longer than you are willing to invest in time. Probably #Bitcoin is not for you atm.”

You have to challenge the foundations of things you believe in your core to be true.
Most cannot do it. They’re not ready. Some don’t want to spend the time. Most have an unconscious worry that by breaking some of the pillars of their “truths” they won’t know what to believe.