Since Bitcoin appeared, it has gone through tough tests, but over time it has managed to overcome most of them and continue. Here are the main challenges and where we are with them:
1. 51% Attack: If someone decides to control the network
- What is this attack?
Imagine if a person or group controlled more than half of the computing power that runs Bitcoin, they could prevent transactions or spend the same currency twice (double spending).
Could it happen?
Theoretically: Yes.
Practically: Almost impossible! Why?
- The cost of the attack is approximately **1.5 million dollars every hour** 💸 (according to [Crypto51].
- There is no place in the world that has enough computing power to rent anyway!
✅ This risk has been defeated (until technology changes of course 😅).
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2. Security breaches: Hackers vs Platforms
The reality: Most major hacks occurred on centralized platforms like:
- Mt.Gox (2014): Theft of 850,000 Bitcoins (it was a strong blow to the network at that time).
- FTX (2022): Bankruptcy due to management corruption, not a hack.
- Coincheck (2018): Theft of 500 million dollars.
- The solution?
- Cold storage (like a flash drive that disappears in a vault 🔒).
- Two-factor authentication (password + code on the phone).
- Avoid suspicious platforms.
❌ The risk is still there, but awareness has increased, and security has improved.
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3. Governments: Between prohibition and acceptance
- The situation:
- Some countries like El Salvador have made Bitcoin an "official currency".
- Other countries like China banned it out of fear of challenging traditional currencies.
- America and Europe have started to regulate it (not prohibit it) especially after big banks and ETFs entered the game.
✅ **Regulatory threat has decreased**... until at least the next American elections in 2028 🗳️.
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4. Wild fluctuations: Why does Bitcoin crash 50% in a month?
- The reason:
- The Bitcoin market is still small compared to gold or stocks (even though it reached 2.5 trillion dollars!).
- Speculation: Many people buy and sell for quick profit.
- The future:
As the market grows (and reaches 10 trillion, for example), the fluctuations will decrease.
✅ Hope exists, but get ready for the rollercoaster for a while longer 🎢.
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5. Quantum computers: Will they breach Bitcoin?
- The rumor: Quantum technology could break Bitcoin's encryption.
- The reality:
- This technology is still very primitive.
- Even if it appears, it will be a problem for all systems (banks, government, etc.), not just Bitcoin.
- Some people are developing "quantum-resistant" encryption from now.
✅ No need to panic… this will take many years.
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6. Satoshi Nakamoto: The mysterious creator of Bitcoin
- The legend: Satoshi (the inventor of Bitcoin) has about 1.1 million Bitcoins in his wallet (approximately 70 billion dollars!).
- Could he sell and crash the market?
- The wallet has been frozen since 2010, and no one knows if Satoshi is still alive or not!
- Even if he sells, there are bigger whales than him (like ETFs that hold 1.12 million Bitcoins).
✅ The risk is almost non-existent… unless he suddenly decides to say: "I'll sell everything" 😱.
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In summary: Bitcoin is still a young player
Despite all the challenges, Bitcoin has proven to be resilient, and every obstacle increases people's trust in it. Will it reach a million dollars? Maybe... but what is certain is that it is a project that has changed the world of finance forever.
Final advice:
- Always store your money in cold wallets (don't rely on platforms).
- Invest only what you can afford to lose... the market is still volatile!
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Useful resources:
https://www.coinbase.com/learn/crypto-glossary/what-is-a-51-percent-attack-and-what-are-the-risks
https://www.crypto51.app
https://www.arabictrader.com/ar/learn/forex-school
https://www.bitcoinmagazinepro.com/blog/why-is-bitcoin-so-volatile-and-will-it-ever-stabilize/
https://deloitte.wsj.com/cio/3-ways-quantum-computing-may-create-ethical-risks-01652815643
https://cassiopeiaservicesltd.medium.com/unveiling-the-biggest-bitcoin-holders-who-owns-the-most-btc-in-2025-30b69ad3fe35
