The most talked about cryptocurrency(bitcoin facts), the most sort after cryptocurrency and most used cryptocurrency bitcoin also have its own shares of insecurities. Below are some of its insecurities(bitcoin facts)
2. BIG FINANCIAL INSTITUTIONS: Bitcoin users and investors have tried to wave off the many attacks thrown at bitcoin by big financial institutions, but the truth still remains that these institutions have valid reasons to show concern over the use of Bitcoin. While bitcoin users might be making millions from it now, reverse might also be the case in the near future. These many negative comments from big financial institutions is also another threat that bitcoin has been dealing with.
4. LOCAL CURRENCY: It is sure that bitcoin can’t displace the use of local currency. So do you think there might come a time when bitcoin will be totally forgotten? Well that is still uncertain but it is important to note that bitcoin has no real value, it’s the local currency that infact gives bitcoin value.