Storage and security issues are worrisome (5/10)


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This is a bit more personal, but I have no desire to deal with the complexities of storing and protecting Bitcoin from hackers. Bitcoin must be stored in a digital wallet kept on a hardware-based platform or on the web. Either way, it can be far less secure than most folks realize.

An estimated $1.36 billion worth of crypto tokens, including at least 46,000 Bitcoins, were stolen in the first five months of 2020, according to CipherTrace. You'll get absolutely no protection from the Federal Deposit Insurance Corporation, either. 


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