Regulatory Uncertainty: Bitcoin faces ongoing risk from governments potentially imposing stricter regulations, outright bans, or heavy taxation, which could severely impact its adoption and price.

Market Price Volatility: Its price is highly susceptible to rapid and significant fluctuations driven by speculation, news events, and market sentiment, leading to substantial gains or losses for holders.

Technological Vulnerabilities and Obsolescence: While robust, potential undiscovered bugs, security exploits, or the emergence of more advanced blockchain technologies could undermine Bitcoin's long-term value and security.