Uncertain Future for Cryptocurrencies
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Cryptocurrencies lack stability and predictable value to be considered a true currency or store of value. Their values fluctuate wildly.
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Cryptocurrencies enable pump-and-dump schemes, scams, fraud, and theft on a massive scale, with billions lost annually.
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Major crypto companies like FTX and Binance have faced legal troubles, undermining confidence. This would be like the NYSE and Nasdaq facing scandals.
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Cryptocurrencies aren't widely accepted to actually pay for goods and services. When did you last buy something routine with Bitcoin?
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Digital transactions already occur with traditional currencies. Credit cards and bank deposits are digital. Cryptocurrencies don't fill an unmet need.