The first and most popular cryptocurrency, Bitcoin, has always been criticized and speculated about for various reasons. Though speculations and myths are far less now, and Bitcoin is accepted widely, some common misconceptions remain. Bitcoin’s anonymity and complex technical features may make it difficult for people to understand its capabilities, features, and applications. Bursting the myths and understanding the possibilities, benefits, and advantages of Bitcoin will help users make better use of Bitcoin.

Let’s explore the top 7 common myths about Bitcoin that need to be clarified.

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