To my understanding of this write up, these people are saying these things for two reasons
They don’t want to unlearn what they have learnt. Convincing an elderly person is very very difficult especially when they have an option that has been working so much for them.
The second is they are too proud to go back on their words. Probably as giants in the investment community, they have a point to prove.
But seriously, their analogy of what crypto is is not really that sensible. They spoke just like my mum. She calls crypto baba ijebu (gambling).
Anyways,
Lovely post thanks for this insight 👍👍👍
I also think, that they're underestimating the power of change in people and in consciousness. If people want to change the financial system through Bitcoin, they can and they will. This is what Warren Buffet and Charlie Munger are probably not able to see.