Retired Persons Association Takes a Strange Attack Towards Bitcoin
We do know that older people are not likely to invest in cryptocurrencies. Warren Buffett is the prime example of that. But, in a most recent event, we see that the American Association of Retired Persons (AARP) has taken a strong and bizarre aim towards Bitcoin.
In the slideshow called ‘Improve Your Financial Literacy with This Glossary’ the AARB officials have strongly criticized Bitcoin and Blockchain. They say Bitcoin has been used by criminals and they describe Blockchain as a bunch of codes.
In their slideshow, they defined Bitcoin just like that:
“Bitcoin: A bunch of computer code that a bunch of criminals, idealists and speculators agree is worth ‘real’ money. Sadly, its real-money value swings widely, making it impractical except for criminals, idealists and speculators.”
Then, they took an aim towards Blockchain with writing this:
“Blockchain : 1. A different bunch of computer code containing an unalterable record of a series of transactions. The most famous is a digital ledger recording all bitcoin transfers. 2. A word often uttered by companies hoping to snare investors’ attention — and dollars.”
This kind of interesting language used by cryptocurrency naysayer Jamie Dimon before. Dimon continuously said Bitcoin is a scam and a fraud, but it is safe to say his thoughts are only taken seriously by the people who are not ‘that’ intelligent.
We are always seeing statements that linking Bitcoin towards illicit activities and AARB’s post no more than that. Apart from those statements, -they are not that important, to be honest. No one is caring what they are thinking- it shows us a difference of approaches between younger and older generations.
Latest Circle survey has revealed 25 percent of millennials have expressed interest in purchasing crypto. Which is quite interesting. That figure was dropped by 10 times when it comes to older people, the vast majority of people AARB have.