It’s not that they don’t understand. They do. They are conditioning those that don’t know into false thinking because they cannot win being open about it. Economic weapons for quite wars. You cannot educate them, they know more than you, it’s a war.
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I would disagree. Many at the central banks are economists by training. They do not understand crypto at all since it doesnt fit into their models. Hence they have to keep it outside their realm of comprehension because, according to them, their models are all there is.
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When Bitcoin blew up, they figured it out and know the trouble it brings. They don’t want to give crypto an inch. It’s a novel competitive threat and they didn’t do all their dastardly deeds to have it whisked away by something that they could stop.