Despite the advantages that bitcoin provides to users, being a cryptocurrency, which is characterized by the speed of transactions, its low cost, privacy, and other characteristics that distinguish it from other means of payment, paper whether money or even e-payments in its traditional forms, but it has many problems involved in handling it. This calls for the necessity of making an economic evaluation of these risks, using the applied analytical approach. The study found that the risks associated with bitcoin are varied and multifaceted, affecting both individuals and countries, and their impact may extend to the entire global system. This made it a risky currency compared to traditional currencies. These risks are virtual pickpocketing, irreversible transactions, illegal activities, regulatory risks, and finally currency fluctuation. Despite the threats posed by this digital technology, it has revolutionized the field of digital payment technologies, supporting the trend towards digital transformation, enhancing electronic commerce, as well as creating more competition between different payment methods.
