Bitcoin, once a fringe investment, is now making its way into the mainstream financial scene. However, this transition isn’t without its share of risks. The digital currency, celebrated for its decentralization and lack of regulatory oversight, also suffers from extreme volatility, security concerns, and potential misuse for illicit activities.
Bitcoin’s volatility is perhaps its most notorious characteristic. Its price can fluctuate wildly within a matter of hours, making it a risky investment for those seeking stability. The lack of central authority and regulatory oversight often means investors have little recourse in the event of a market crash or fraud.
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