1. Volatility: Cryptocurrencies are highly volatile and their prices can fluctuate wildly, making them risky investments.
2. Security Risks: Cryptocurrency exchanges and wallets can be subject to hacks, scams and other threats.
3. Regulatory Risk: Cryptocurrencies are not yet regulated in many countries, making their legal status unclear.
4. Limited Acceptance: Cryptocurrencies are still not widely accepted, so it may be difficult to find places to spend them.
5. Tax Risks: Cryptocurrencies may be subject to complex tax rules, which can require significant record-keeping.