RISK OF BITCOIN.?

💰Let's talk about the risks of Bitcoin today. Bitcoin is one of the most popular cryptocurrencies on the market, everyone wants it, but they only buy it when it grows and is at its peak.

🔹According to Michael Ross-Johnson, CEO of the p2p cryptocurrency platform Chatex, 80% of bitcoins belong to institutional investors. If one of them decides to change the asset pool and sell bitcoins, it could set off a chain reaction in the market.

🔹There is also a problem that the bitcoin blockchain can be heavily overloaded due to the growth in the number of users. Because of this, the cost of transactions will increase, and the speed will decrease. Investors will not be able to take profits in the event of a sharp collapse in the exchange rate.

🔹We don't know who Satoshi Nikamoto is. Which, on the one hand, creates decentralization, but on the other hand, gives investors a risk. The unknown creator of Bitcoin can sell his assets at any time, which will create a fall in the price of the cryptocurrency.

🔹Bitcoin critics argue that it requires more electricity to mine than some countries consume. This issue is becoming more and more of interest to organizations for the protection of the environment.

In the next posts, we will talk about the risks of Altcoins.