[patrickaljord]

I don't know if it's jealousy but it really feels like a disdain for plebs. Cryptocurrencies gives access to stock-like exchanges and financial tools to plebs and that's something that should be reserved to coastal elites. You can also see it in how hard they pushed for ICOs being regulated by SEC, getting a chance to get rich by investing in early ventures is for billionaire VCs only, not plebs!

Also, many coastal elites missed the crypto boat and therefore would rather treat it as a scam they were right to ignore rather than admit their mistake even when mainstream financial institutions invest billions in it. They will deny it to the end.