What's wrong with Bitcoin?

The problem is that bitcoin lacks genuine scarcity. Its perceived cap of 21 million tokens exists because of computer code. Last I checked, code can always be erased and rewritten. While it's unlikely that a community consensus would be reached to increase the circulating supply of bitcoin, the possibility of this happening isn't zero.

Should you invest in Bitcoin?

With all the hype, many people are wondering if they should invest in bitcoin. But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubble, too risky to invest in or susceptible to fraud, to name a few. CNBC Make It spoke to bitcoin and fintech experts about the common concerns surrounding the cryptocurrency.

Is bitcoin a bubble?

But the cryptocurrency also creates a wide array of concerns: Some worry that bitcoin is a bubble, too risky to invest in or susceptible to fraud, to name a few. CNBC Make It spoke to bitcoin and fintech experts about the common concerns surrounding the cryptocurrency. Is bitcoin too risky for the average investor?

Is bitcoin a scam?

Each bitcoin transaction is documented on a digital ledger called the blockchain, where a user’s cryptocurrency “wallet” is represented as a unique series of random numbers and letters. Through this, a scammer could potentially be traced after the fact.