News cycle perpetuates bitcoin == bad so everyone you know just repeats "scam" and points to criminals.
Meanwhile the largest institutions and richest people are investing heavily due to its revolutionary nature. Just look at all the ETFs coming out (Blackrock, Fidelity, etc).
Once they are fully setup you'll see the news cycle change sentiment. Rinse, repeat, with any technology.
Is that why are they investing? Do investors care if it's revolutionary or that they just get high returns?
E.g. a lot of "coins" have promised high returns that were obviously not sustainable.
Bitcoin is bad.
Even a broken clock is right twice a day....
That would depend on how it's broken.
A broken clock can be right twice a day
Transaction costs are too high to be useful medium of exchange
The waste it generates, as its central operation to have artificial scarcity is definitely bad.
Bitcoin is very bad