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Rachel Welch

18 October 2022 140 Read Bitcoin

What Are the Negatives of Bitcoin?

While Bitcoin's high volatility can be a boon for speculators, it can also create a number of problems for investors with longer time horizons. For one, it's impossible to guarantee a certain level of return. Moreover, bitcoin's purchasing power varies significantly from week to week, making it difficult for consumers to use it as a legitimate exchange currency.

One of the biggest problems associated with Bitcoin is that it's not regulated by a single government or central bank. As such, there's no way for governments to seize it or demand that you pay them taxes on it. Secondly, there's no way to trace a Bitcoin transaction back to the user. This makes it a popular choice for investors who value privacy and independence.