Also known as Dunning-Kruger. The problem is real… it’s a place where almost all of the Bitcoin critics come from
Discussion
I’d even go one step further and say that many from tradfi suffer from a problem known as ultracrepidarianism. This phenomenon comes from a person having a particularly well developed knowledge set (let’s say tradfi bond markets) and they believe that this bestows high levels of expertise in many other areas of adjacency (Bitcoin for example). The term comes from the Latin “ne supra crepidam sutor iudicaret” has its roots in a story involving the ancient Greek painter Apelles and a shoemaker, meaning “let the shoemaker not judge beyond the sandal.”