What is the reason for this?
He justified this by saying that investments with high risks and having a negative amount are associated with social spending. At the same time, cryptocurrency does not help to achieve general well-being.
In his opinion, the Bitcoin market is too centralized. This benefits only the largest participants or miners. If you look at the coin as a direct currency, then it would completely fail due to high volatility and the fact that in reality no one uses it.