BTC

Advantages and Disadvantages of Bitcoin

Advantages:

• Decentralized Structure: The lack of central control makes Bitcoin resistant to censorship.

• Transparency and Security: Blockchain technology ensures that transactions are transparent and secure.

• Low Transfer Costs: Especially for international transfers, Bitcoin offers low costs.

Disadvantages:

• Volatility: The price of Bitcoin is highly volatile, making it a risky investment vehicle.

• Regulatory Uncertainty: The legal status of Bitcoin varies and is uncertain in many countries.

• Energy Consumption: Bitcoin mining is criticized for its high energy consumption and environmental impact.