What are the risks associated with the use of cryptocurrency in the economy?

[deucher]

Cryptocurrency already occupies a lot of space in our lives and it is gradually increasing to the state level, for example in El Salvador, and so far there are no downsides to this, but could there be any risks for the economy associated with the influence of cryptocurrency?

 

[Nomad]

Let's say you sold something for 1 BTC when the price was 30k. However, the priced dripped and now the value of BTC is just $28k. You made $2k loss..This kind of price fluctuations put crypto at a great risks. While fiat currency also frequently fluctuates but that is usually with a small amount. But the fluctuations in crypto can become massive

 

[Riberet19]

The risks can be using cryptocurrencies to launder money or to use them for illegal acts, other risks are that they are also used quite a lot to try to scam people, if we talk about the risks of investment, their high volatility, and the possibility of losing large sums of money in a short time is another risk associated with cryptocurrencies.