Crypto Analyst Cautions Investors Against Bitcoin for 3 Key Reasons

Bitcoin is often described as gold 2.0; a superior system of storing and transferring value. It has seen a rapid increase in market capitalization since its introduction in 2009, with strong custodial, exchange, and futures infrastructure.

Yet, one cryptocurrency analyst known as cryptocomicon recently laid out a series of compelling reasons why one should not invest in Bitcon. The three that stood out most were limited privacy, centralized mining, and the lack of scalability.

Despite each of these being valid points to consider, they can also be seen as advantages for BTC.

Zero privacy for Bitcoin is a pro and a con

Up until 2018, governments and various financial bodies criticized the “anonymous” nature of Bitcoin, stating that it poses a risk to the global financial system. But, as reported by Cointelegraph, South Korea recently cracked down on a large-scale sex crime ring earlier this month through tracking Bitcoin addresses.  

One could argue that the lack of privacy…