The Cantillon Effect incentivizes them to not understand it or if they do, to disregard it.

I’m not familiar with Munger, but if you read anything written by Dalio, he seems genuinely interested in helping people, but also says repeatedly that he will always trade even when retired and that he loves setting up winning trades and beating the market.

Bitcoin is probably very boring to a person with this background and interest in trading because Bitcoin is the most boring trade ever. It’s like continuously winning, but in slow motion.