- However, despite being a new technology, it has very high energy consumption. However, everyone would like it to consume less energy.
Because it requires POW to remain decentralised, energy consumption will not be less. However LN which is done off the blockchain can be a good way to lessen energy consumption but yet it is not user friendly to all.
- Also, it has been known and traded for years but still has very high volatility. With this appearance, it scares new investors. Because everyone expected it to have a more balanced price performance.
It is the same activities of other new investors added to demand and supply including users sentiments and government regulation that keeps the price always in volatile state. A balanced price might never be possible because more people are waiting to take profit from every move Bitcoin makes.
- World history is full of wars. Perhaps we are living through one of the best periods in history. But because of us homosapiens, our world is very prone to chaos. Coins that do not have an armed force behind them, such as Bitcoin, may be a little unlucky in this regard.
I think these three problems may not be solved and these three problems may prevent bitcoin from being a reserve currency.
I think if there is an outbreak of war as long as the internet still exists it will even be more safer to own Bitcoin because it will be more accounted for as each coin is only spent when the private key is known as compared to when the financial institutions get trusted to preserve the same fund.