There are many reasons floating around for why you should not invest in Bitcoin–some people think it is a money-making scheme, or will soon be illegal in some countries, or that you can’t purchase many things with Bitcoin. However, these arguments might not be entirely true. Learn more about reasons why you shouldn’t invest in Bitcoin and if the arguments truly make sense. For example, while you can’t purchase everything with Bitcoin, you can purchase from large companies like Microsoft.
- As a form of payment, Bitcoin is not part of any national currency as it is only used by companies that volunteer to accept it.
- Wikipedia, Microsoft, and Subway are three well-known companies that accept payments from Bitcoin.
- There are many arguments both for and against Bitcoin, and it can be hard to determine what is true.
“Bitcoin is based on blockchain’s decentralized and anti-censorship technology and proof of work system. Both mechanisms ensure that no one has full control alone.”