"Advantages"
1) Secure transactions with low fees. Once you own Bitcoins, you can transfer them anytime and anywhere, reducing the time and potential costs of any transaction. Transactions do not contain personal information of the sender and receiver, such as names or bank card numbers, making identity theft impossible.
2) Decentralization. After the financial crisis and the Great Recession, some investors seek to adopt an alternative, decentralized currency – a currency that is essentially not controlled by traditional banks, states, or other third parties.
3) Potential for rapid growth. Some investors who buy and hold this cryptocurrency bet that as Bitcoin matures, it will gain more trust and broader adoption, which means the value of Bitcoin will continue to rise.
"Disadvantages"
1) High volatility. Although the value of Bitcoin has significantly increased in recent years, the fortunes of buyers have varied greatly depending on the timing of their investment in the first cryptocurrency. For example, those who bought in 2017, when the price of Bitcoin reached 20,000 dollars, had to wait until December 2020 to recover their losses.
2) Limited (but growing) use. In many countries, Bitcoin is not recognized as a means of payment, so companies cannot use it and accept it for payment from users.
3) Users' concerns about hacking. While proponents of the blockchain technology underlying Bitcoin argue that it is even more secure than traditional electronic money transfers, Bitcoin hot wallets have become an attractive target for hackers.
