I think fear has little to nothing to do with processing what bitcoin is. It’s pretty accurate to say that everyone who is into bitcoin also represents on a fairly wide spectrum of understanding about what it is and why they hold (or trade). The result is a message that is both not unified and often times a misrepresentation delivered by people with varying levels of trust. IMO intelligence also has little to nothing to do with groking Bitcoin. My theory revolves around the discomfort associated with having to reorganise your row of ducks. Nearly everyone goes through their days based on their version of “how the world works.” Diets, relationships, religious beliefs, world views all dictate how easy or hard it is to tweak or throw out a current view. People assemble their “thoughts” about how the world works in such a way as to support their chosen system. When a part of their system is challenged then the response is often a result of a subconscious attempt to defend something much bigger than just one aspect. That is because it can feel like the whole system is being attacked. The internal shift required to embrace Bitcoin is much bigger than an acknowledgement of an alternative money. Bitcoin requires people to do things that challenge the systems they have put in place to keep their world balanced. For many it is a conversion experience which leads to a shit show of self reflection that is not pretty to watch. Bitcoin is varying levels of hard for a lot of people who are just trying to keep their shit together and balanced. My 2 sats 🤪