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Bitcoin Is Unstable And Useless: Here's Why

Sunrise Analysis profile picture
Sunrise Analysis


  • Bitcoin's recent crash has renewed a number of concerns surrounding crypto in general.
  • In looking more closely at some of its supposed benefits, we find few that hold up.
  • Bitcoin is neither anonymous, untraceable, nor stable.
  • Finally, there are now even more alternatives to crypto for digital payments that make its value even more questionable.

Bitcoin wallet. Golden Bit Coin virtual cryptocurrency or blockchain technology. Gold Crypto currency BTC Bitcoin on black background. Investing in virtual assets, Bull market trend concept.

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Bitcoin (BTC-USD) was supposed to revolutionize the financial world and the way we use currency. Alongside other cryptocurrencies, it was promised as a more-secure, anonymized, efficient blockchain payment for the modern world. In reality, Bitcoin has failed to deliver on hardly

Bitcoin Five Year Chart

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Sunrise Analysis profile picture
I'm an individual investor. I generally invest for the long term and look for companies at an attractive price that have the ability to grow naturally and who stand to benefit from large trends in the economy. I try to provide insight into how new developments at certain companies will affect their long-term prospects. I also try to share other interesting investment ideas with investors where I think there is significant mispricing or potential for growth.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This article is for informational purposes only and should not be regarded as investment advice. This article should not be the sole basis for a financial decision, including the purchase or sale of stock. Any personal financial decision should be made on the basis of your own research and consideration of your unique financial goals and investing ideals.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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