The Great Bitcoin Crash?
The following are my guesses as to why it will crash in order of likelihood:
- The exchanges/wallets will be targetted for money laundering
- Banks will shutdown accounts for anyone associated with bitcoin
- Individuals will be targetted for money laundering
- Tax authorities will require onerous reporting requirements
The above is all speculation but all reasons why I wouldn’t touch this.
It’s a pain to buy, a pain to store, and it doesn’t have sufficient protections in place against regulators, hackers etc.
