www.zerohedge.com/news/2021-02-18/...cies-tulips-21st-century
"...The permanent stability of bitcoin has yet to be determined. One of the characteristics that is touted as a benefit of cryptocurrencies is that they are decentralized and there is not a central authority that manages the value of the cryptocurrency.
The risk to this is regulation that limits or prevents cryptocurrencies being used for transactions within an economy. A proposal to ban all cryptocurrencies in India is already in progress, it is likely that other governments will soon follow.
The taxation of Bitcoin and similar currencies is still uncertain, due to the nature of its anonymous ownership. However, if governments do allow for purchases within their respective economies how these transactions are taxed has yet to be seen......
The relative short history of Bitcoin, the first of the cryptocurrencies which was launched in 2008, and the high volatility creates uncertainty about the store of value. Over the last 10 years Bitcoin’s monthly price volatility has ranged from 5% to 30% (monthly rolling average). At 10% assumed volatility for Bitcoin: $52,000/coin the standard deviation is ~ 5,200 … not many investors can handle these types of swings in their portfolio. The wide price fluctuations also make it challenging to price goods and services in Bitcoin.
Although, bitcoin is the first and arguably the most well-known of the cryptocurrencies, Ethereum, XRP, Tether, Litecoin to name a few, but there are many others that are gaining popularity, this adds competition risk to investing in one type of cryptocurrency....."