Common Bitcoin Myths Debunked

Let's address the most common misconceptions about Bitcoin and separate fact from fiction.

Myth 1: Bitcoin is anonymous ✅ Reality: Bitcoin is pseudonymous. All transactions are public, but identities are not directly linked.

Myth 2: Bitcoin has no real value ✅ Reality: Bitcoin's value comes from its utility, scarcity, and network effect.

Myth 3: Bitcoin is only for criminals ✅ Reality: Less than 1% of Bitcoin transactions are illicit. Cash is used far more for crime.

Myth 4: Bitcoin can be hacked ✅ Reality: The Bitcoin network has never been hacked. Individual wallets can be compromised if not secured properly.