You should know some potential disadvantages of Bitcoin as I have observed not too long ago.
Volatility: Bitcoin has been known for its high volatility, with its value fluctuating rapidly over short periods of time. This can make it difficult to use as a stable store of value or medium of exchange.
Lack of Regulation: As a decentralized and unregulated currency, Bitcoin is not subject to the same government oversight and protections as traditional currencies. This can make it more vulnerable to fraud and hacking, as well as potentially limiting its mainstream adoption.
Limited Acceptance: While Bitcoin has gained wider acceptance in recent years, it is still not accepted as widely as traditional currencies. This can limit its usefulness as a medium of exchange, and may make it difficult to find merchants who accept it.
Environmental Impact: Bitcoin mining requires significant amounts of energy and computational power, which can have a negative impact on the environment. This has raised concerns about the sustainability of the cryptocurrency.
Irreversible Transactions: Once a Bitcoin transaction is made, it cannot be reversed. This can be a disadvantage for buyers who may want to dispute a transaction or receive a refund.