There remains a lingering undertone of skepticism when the cryptocurrency issue is brought up, and for good reason. Bitcoin – the de facto standard for cryptocurrencies – has a laundry list with reasonable criticisms.
- Largely speculative market
- Slow and expensive compared to traditional payment services and other cryptocurrencies
- There has never been a better solution to money laundering
- Not regulated
- Lack of protection if your hard drive is lost or damaged
- High market volatility
Despite these known flaws, Bitcoin defies critics and remains relevant and more resilient than expected by experts.
