Bitcoin is increasingly viewed as "digital gold" in 2024.
What challenges could Bitcoin face in becoming a universally accepted store of value? Any thoughts?
• Price volatility, Bitcoin has a high price volatility rate that is makes it difficult to send money and receive the same value for the money that you were to receive. You either get more value or lower value as the price isn't stable. This will make it difficult alot of marketers to accept selling their goods & services by accepting Bitcoin.
• High risk of lost, Bitcoin has. A high risk of you losing it when you don't know how to make use of wallets and protect your Bitcoin properly and alot of marketers don't know how to make use of non constodial wallets making it difficult for them unless they rely on constodial wallets.