Most likely because Bitcoin, while very valuable, has its own flaws. The biggest flaw is its outdated privacy features. That's why some people may prefer to invest in other things like Monero because it's not as traceable.
I would also say it's due to people being uninformed or misinformed about Bitcoin (and crypto in general).
Yes I definitely agree misinformation about #bitcoin and #crypto in general is one of the main reasons as to why.
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