Governments ban
Criticism: Since it is undermining the ability for governments to control/print money, it will be illegalised. sure they can't close it down, but making on and offramps and owning it illegal, it will stop btc adoption.
Regulatory Risks
Criticism: Governments may heavily regulate or even ban Bitcoin, diminishing its use and adoption.
Top Counterargument:
Regulation Could Mean Validation: Reasonable regulations can validate Bitcoin's legitimacy, attract institutional investors, and promote more responsi...
Competition from Altcoins and CBDCs
Criticism: With thousands of altcoins and upcoming central bank digital currencies (CBDCs), Bitcoin risks becoming obsolete.
Top Counterargument:
Resilient to CBDCs: CBDCs aim to support government policy, while Bitcoin's decentralized nature appeals to those who prefer a non-governmental store ...
Lack of Intrinsic Value
Criticism: Bitcoin lacks intrinsic value, as it is not backed by any physical commodity or government.
Top Counterargument:
Network Effect: Bitcoin's value is driven by its network of users, miners, and developers, which strengthens over time.
Volatility
Criticism: Bitcoin's price is highly volatile, making it unreliable as a store of value or currency.
Top Counterargument:
Store of Value Parallel: Like early gold markets, Bitcoin's volatility may decrease as it becomes a more widely recognized store of value.