Don’t buy Bitcoin, It could go to zero! Bitcoin has no intrinsic value! It’s too volatile to ever be used as a currency! I heard the government was going to ban it! These are some of the top complaints against Bitcoin, but are they true or just FUD? Today we’re going to break down some of the most common reasons why people hate Bitcoin.
In many people’s eyes, these 4 “problems” with Bitcoin seem to be the main reason for people being scared of Bitcoin and choosing not to invest. I’m going to dispel all of these Bitcoin misconceptions and set the record straight. All of these potential concerns about Bitcoin can be reasoned through with a bit of logic and research. As with any rising new technology, people are highly critical and look for any reason to disprove its legitimacy.
2:08 Lyn Alden
3:45 No intrinsic value
4:36 Too volatile
5:36 Banned by the government
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