The Motley Fool is one of the best websites for beginners to learn the basics of investing. I’ve recommended that site many times to many people and will continue to do so. However, that doesn’t mean I agree with everything they say over there. Recently, they published an article titled 4 Reasons I’ll Never Invest in Bitcoin. Its four arguments are below with my comments.
1. Its anonymity is its own worst enemy.
If global governments discover that criminals or terrorists are using bitcoin to fund their activities — and at present there are very few checks and balances in place to weed out this sort of behavior — it could prompt a crackdown. If governments around the world instituted regulations that made it difficult to own bitcoin, we could see prices plunge.