Healthy Skepticism

I've recently decided to allocate 90% of my portfolio to Bitcoin after doing an extensive amount of research.In my eyes, Bitcoin is money because it is continuously becoming a better medium of exchange and store of value:Medium of Exchange - Usability and accessibility will increase for nontechnical people as fintech companies like Square and PayPal continue to push crypto adoption on online platforms. The lightning network will increase transaction throughput as Bitcoin inevitably becomes more popular.Store of Value - Bitcoin is extremely volatile in the short-term which causes some to believe that it does not store value well. Looking at the long term, all fiat currencies will continue to devalue at an increased rate while Bitcoin should become increasingly stable and more valuable as adoption continuesI have also tried to poke any holes in Bitcoiners' logic and honestly assess the risk of investment. Here is where I currently stand with my top objections:51% Attack - This was my #1 concern until miners moved out of China. Unless a single authoritarian government contains the majority of processing power in the network, I find this scenario unlikelyHacking - Untampered hardware wallets will always secure your Bitcoin, but is it possible that a hack on a Coinbase or Gemini erodes the faith of the larger community and causes enough panic to collapse the system? This seems unlikely since these hot wallets are still relatively secure compared to other potential victims of hackers.Producers of nodes concentrated in China - Is it possible that the Chinese install malware in there nodes (genuinely wondering, I'm no computer expert). Or what if China decides to kill the companies that produce nodes? Will companies from more trustworthy nations produce nodes to the extent China currently is?A return to sound government money - lolI believe in Bitcoin and I love the conviction and optimism of the Bitcoin community. That being said, I believe we should speak more frequently about the risks involved. Please feel free to poke holes any any of these arguments, or give insight into your top concerns with Bitcoin adoption or long term stability of the network. I believe transparency about the risks will help the addition of newcomers and strengthen the community as a whole. via /r/Bitcoin https://bit.ly/3C7QUZu