TOP 10 Reasons Why Bitcoin Will Fail In Future : br br 10. Fear, Uncertainty, And Doubt : br br The current Bitcoin market is extremely volatile. If Bitcoin is in the news, its price can fluctuate hundreds of dollars in a matter of hours. If there was ever any reason for the public to believe that Bitcoin may become illegal, if there was a hack, a virus, or any other issue in the system, the value will drop dramatically as people panic and sell as quickly as possible. It’s very similar to the stock market in that way. br br 9. The Lack Of Leadership : br br the coders and miners must come to a consensus every time a decision about Bitcoin’s future must be made. Unfortunately, the community cannot seem to agree on even the smallest decisions. There is no clear business plan mapping out Bitcoin’s future. br br 8. The Negative Opinions About Bitcoin : br br Billionaire Jamie Dimon, the CEO of JP Morgan chase, has called Bitcoin a fraud and says that it is destined to fail. hundreds of new banking partners use Ripple instead of bitcoin. The one percent aren’t threatened by Ripple the way they are by Bitcoin. that mean in my opinion Ripple will be more valuable than Bitcoin. br br 7. Blockchain : br br Blockchain technology drastically improves the speed, privacy, and security of sending money. At the moment, the world of blockchain is young and exciting. However, even though Bitcoin was the first to introduce blockchain to the world, it’s not necessary for blockchain to exist. Sort of like if one web page goes down, the Internet still exists. br br 6. Will The Real Bitcoin Please Stand Up? br br In order for Bitcoin to survive, there needs to be a mass exodus to another platform that would be faster and more reliable. Developers have come up with a solution called a “hard fork,” which is why Bitcoin Cash was created. However, they believed that Bitcoin Cash still did not solve the problems, so there was a much-contested plan to create yet another hard fork called Bitcoin Gold. br br 5. FBI Are Watching : br br the criminals use bitcoin on the Dark Web. Cryptocurrency got a really bad reputation once news broke that Bitcoin was being used to send money anonymously on the drug trafficking website Silk Road. The FBI has made it very clear that they are watching Bitcoin very closely, and they are getting better and better at finding the true identities of the people who use Bitcoin for illegal activity. br br 4. Laws And Regulations : br br In October 2017, China declared that it was illegal to create an “ICO,” which stands for “Initial Coin Offering.” br In New York, all businesses who want to accept Bitcoin are required to register for a “BitLicense” if they want to do business. In 2014, the IRS released a guideline that anyone who profits from digital currency needs to pay taxes. br br 3. Use Cases : br br Many small businesses in California’s Silicon Valley accept Bitcoin as a form of payment, but larger corporations still only accept cash and cards. At the moment, the one and only digital currency that is actually working with the US Federal Reserve is a company called Ripple. br br 2. Time And Mining Problems : br br The longer Bitcoin exists, the more difficult it becomes to “mine,” or create new coins. Without the miners, the Bitcoin network collapses. The cost of getting started as a new miner is so far out of reach for the average person. the cost of electricity to run these computers is actually more than what the digital currency is worth, which makes it pointless to even try. br br 1. The End Of The World As We Know It : br br The most enthusiastic supporters of Bitcoin are revolutionaries. Some hope that people will rise up and choose to go with Bitcoin instead of using traditional banks. the consequence is the economy of the world as we know it would have to collapse. If that actually happened, people would have to lose their jobs, their homes, and maybe even their lives.