Part 7/9:
While Bitcoin offers promising growth potential, it is not without risks. Several factors could influence its future trajectory negatively:
Fraud and Scams: The cryptocurrency space is rife with malicious schemes and fraudulent schemes, urging users to be cautious and safeguard their assets.
Regulatory Uncertainty: Governments worldwide could impose restrictions or bans on Bitcoin, especially efforts by authorities to protect their fiat currencies from competition.
Technological Risks: The possibility of a quantum computer capable of breaking blockchain encryption could pose a fundamental threat to Bitcoin’s security.