Bitcoin is the most widely held cryptocurrency worldwide ^64%

Truth rate: 64%

Pros: 5
Cons: 5

Bitcoin is the most widely held cryptocurrency worldwide

Pros: 5

Cons: 5
⬆

Bitcoin uses a proof-of-work consensus algorithm ^76%

Impact:

+80

Bitcoin's market capitalization is over $100 billion ^87%

Impact:

+50

Bitcoin mining requires significant energy consumption ^76%

Impact:

+50

Bitcoin is widely accepted ^73%

Impact:

+50

Cryptocurrencies are hindered by volatility ^60%

Impact:

+50

Cons: 5

Pros: 5
⬆

High energy consumption undermines the sustainability of the Bitcoin network ^90%

Impact:

-50

Bitcoin's price stability is impacted by market manipulation ^83%

Impact:

-50

Regulatory uncertainty threatens the cryptocurrency market ^73%

Impact:

-50

Regulation affects global Bitcoin adoption negatively ^72%

Impact:

-50

Bitcoin transactions are recorded on the blockchain ^68%

Impact:

0

Refs: 0

Info:

Created by: Elif Özdemir
Created at: Sept. 23, 2024, 9:47 p.m.
ID: 10573

Related:

Bitcoin is the most widely used cryptocurrency globally ^63%

63%

Bitcoin is not widely accepted by businesses worldwide ^46%

46%