Bitcoin have gained a great attention in recent years.
And it has made a few people very rich in the process, those who were on the right side of the market at the right time.
But it has yet to gain acceptance among the masses.

What are major problem bitcoin have to overcome ?

1.Trust-Most people don’t understand the digital currency and only see Bitcoin’s unpredictable price movement. This generate a negative environment for bitcoin.

2.ICO scams- general public unfairly associates bitcoin with ICO scams.

3.Hacks-Hacking and theft continue to be on the rise.

4.Ease of use-Bitcoin is much harder and more complicated than holding cash. people need to learn how to take responsibility for the private keys that control their bitcoin.

5.Open nature-Powerful machines built specifically for bitcoin’s proof-of-work algorithm have changed its decentralized and more open nature.
This has, in effect, concentrated bitcoin’s confirmation power, leaving it in the hands of only those who can afford thousands of dollars of ASIC hardware.

6.Scalability-Bitcoin has a serious scalability problem. As more and more bitcoin trades and purchase transactions are executed, the network will have a more difficult time keeping up.
         
          Bitcoin yet to become the true “people’s” currency, and resume its price momentum.