Hi,
Bitcoin is increasingly viewed as "digital gold" in 2024.
What challenges could Bitcoin face in becoming a universally accepted store of value? Any thoughts?
Maybe some people today consider Bitcoin as a digital gold investment with a significant value and far from the value of gold in the world today. Maybe you are some obstacles that Bitcoin will face during its future journey and one of them is like a policy or prohibition from the government that prevents them from continuing to access Bitcoin. and the adoption of Bitcoin is slightly hampered by the prohibition of Bitcoin access implemented in certain policies.
First off, adoption is a significant challenge facing Bitcoin. Many people are misinformed about investing in cryptocurrency, thinking it's an online scam. This misconception spreads quickly, causing others to shy away from investing.
Their misunderstanding is directed at the time of the spread of news about Bitcoin with inaccurate news and references from a group that has no knowledge of crypto and Bitcoin. and this has a big impact on the inherent nature of a person's mindset that has been influenced by the spread of news about Bitcoin and causes some groups to feel reluctant to invest or own Bitcoin.