Let us Bust the Bitcoin Myth before the year end!

[bitcoindusts]

2025 is now nearing to end, I think it would be a nice time to discuss and bust those myths circulating around Bitcoin that hinder its adoption and success.  Some of the lists are already posted in this thread https://bitcointalk.org/index.php?topic=5472870.0 so we will skip those

As a starter let me initiate the busting of these Bitcoin myths in this discussion. 

The Core Myth

Myth: Bitcoin has no intrinsic value
Fact: Like any precious metal, Bitcoin intrinsic value relies on its scarcity, portability and its effects as a store of value:

Bitcoin is often criticized for lacking intrinsic value. However:

Gold and fiat money also derive value from scarcity and trust.
Bitcoin’s fixed supply (21 million BTC) creates digital scarcity, making it a store of value.
Large institutions (e.g., Tesla, MicroStrategy) now hold Bitcoin as a treasury asset.
✅ Fact: Bitcoin’s value comes from decentralization, scarcity, and security—just like gold.

So it's on you next, tell us what myths about Bitcoin should be busted and corrected so that newbies in 2026 will have a reference on what is the truth about Bitcoin. 

Happy Holiday guys! May we have another prosperous year in 2026!

[Emjay24]

So it's on you next, tell us what myths about Bitcoin should be busted and corrected so that newbies in 2026 will have a reference on what is the truth about Bitcoin. 

Bitcoin is volatile while stablecoins tied to Fiat is stable

This is a very big lie because the underlying value of Fiat which is determined by it's purchasing power isn't fixed. Fiat buying power is always increasing and decreasing and even the dollar isn't left out of it. The Fiat is volatile and even experiences more negative volatility on the long-run compared to bottom. So stable coins tied to fiat still experiences volatility since the buying power of Fiat isn't fixed.

[Majestic-milf]

 Well if you have other myths to bust why not add it to the thread that has already been created that you graciously dropped a link to instead of opening another thread discussing the same thing? So tomorrow you don't find your thread deleted by a mod and then you being to complain. A suggestion; why not close this thread and add to the traffic in that post than spam?

[Aanuoluwatofunmi]

There's no how much they could have tried in painting bitcoin to what it is not, such attacks could never prevail because they are it facts about what bitcoin is, maybe that is why they couldn't achieve a successful attack on it network, while the more they are doing this, the bigger and better the network becomes and people getting to know more about it, because it contains all about the network to be safely secured with the people's interest in it profitable adoption.

[Die_empty]

So it's on you next, tell us what myths about Bitcoin should be busted and corrected so that newbies in 2026 will have a reference on what is the truth about Bitcoin. 

Some people believe that Bitcoin is anonymous. Although personal information is not visible, Bitcoin transactions can be traced to an address and are visible in the blockchain. Bitcoin is pseudonymous since transactions cannot link to an individual, only addresses are visible ( using centralized platforms could make it lose its pseudonymous benefit).

There have been some conspiracy theories by some religious fanatics linking Bitcoin to the devil. Some claim that it was the creation of an evil being that wants to control the world. Bitcoin is just a currency created by Satoshi as an alternative currency. Linking Bitcoin to any religious belief is bullshit.

[Kalchef]

Nothing is hindering the success and adoption of Bitcoin, unless I am blind and I don't know it, Bitcoin did very well this year so far and ETF became a successful thing, few years back it looked impossible, so far it's been a smooth progress if you ask me.

Newbies will only have problem understanding Bitcoin if they can't do their own research, everything that's needed to know is available on the internet.

People linked Bitcoin to McAfee, Epstein and others yet none of them are able to proof that they are the real satoshi,  newbies should stop believing nonsense that people says.

Some of them still believe that it's costly to move funds around using Bitcoin, they are comparing Bitcoin with their bank charges and the last time I look into this the bank charged me more than my Bitcoin wallet.

Bitcoin will sleep peacefully in your wallet for years but the banks will keep duleducting your money and inflation still meet up with the balance too, eating it away every time.

[Razmirraz]

So it's on you next, tell us what myths about Bitcoin should be busted and corrected so that newbies in 2026 will have a reference on what is the truth about Bitcoin. 

The myth that Bitcoin has no intrinsic value is one of several myths that needs to be refuted and corrected because it is completely inconsistent with the prevailing belief. I will try to add some myths that need to be refuted so that they can serve as a reference for beginners so they don't misunderstand the real Bitcoin.

1. Myth: Bitcoin will soon become worthless
Fact: Bitcoin has been around for almost 16 years, and its growth is unstoppable, as institutional adoption continues to grow, and several countries are starting to accumulate Bitcoin as an investment asset. This demonstrates growing confidence in Bitcoin's long-term value.

2. Myth: Only the wealthy can own Bitcoin.
Fact: Bitcoin can be owned by anyone. Wealth and income are not criteria for owning Bitcoin, as it can be purchased in small amounts. Bitcoin can be divided into its smallest unit, the Satoshi (sat), equivalent to 0.00000001 BTC. So, 1 BTC = 100,000,000 sats.

3. Myth: Bitcoin is only used for illegal activities.
Fact: Bitcoin can be used for various purposes, such as investment, online transactions, a store of value, and donations. So, the vast majority of Bitcoin transactions are legitimate and transparent. Therefore, the percentage of Bitcoin transactions related to illegal activities is very small, perhaps only around 2%. The remainder is used for legitimate and positive purposes.

That's all I can add based on my limited knowledge.

[MusicLand]

So it's on you next, tell us what myths about Bitcoin should be busted and corrected so that newbies in 2026 will have a reference on what is the truth about Bitcoin. 

The myth that Bitcoin has no intrinsic value is one of several myths that needs to be refuted and corrected because it is completely inconsistent with the prevailing belief. I will try to add some myths that need to be refuted so that they can serve as a reference for beginners so they don't misunderstand the real Bitcoin.

1. Myth: Bitcoin will soon become worthless
Fact: Bitcoin has been around for almost 16 years, and its growth is unstoppable, as institutional adoption continues to grow, and several countries are starting to accumulate Bitcoin as an investment asset. This demonstrates growing confidence in Bitcoin's long-term value.

2. Myth: Only the wealthy can own Bitcoin.
Fact: Bitcoin can be owned by anyone. Wealth and income are not criteria for owning Bitcoin, as it can be purchased in small amounts. Bitcoin can be divided into its smallest unit, the Satoshi (sat), equivalent to 0.00000001 BTC. So, 1 BTC = 100,000,000 sats.

3. Myth: Bitcoin is only used for illegal activities.
Fact: Bitcoin can be used for various purposes, such as investment, online transactions, a store of value, and donations. So, the vast majority of Bitcoin transactions are legitimate and transparent. Therefore, the percentage of Bitcoin transactions related to illegal activities is very small, perhaps only around 2%. The remainder is used for legitimate and positive purposes.

That's all I can add based on my limited knowledge.

only 2 percent for crimes sounds low but i guess the ledger is public so smart criminals probably avoid it anyway right

[aoluain]

MYTH 1 Bitcoin is so expensive now, there is no point buying one because I cannot
afford that amount

FACT you dont have to own 1 whole Bitcoin or any amount of "whole coins",
you can purchase Satoshi's instead, as little or as much as you want or can afford
at any one time, $10, $1000 or $10000 and work up to having 1 whole Bitcoin

[icebar]

Bitcoin will replace fiat and bank business.

This kind of myth should be removed. Fiat money will continue to exist ‍and Bitcoin will never be able to replace fiat money. Because there are some functions of the government and central bank that the government has to work with fiat in the case of a country's financial stability, interest rates and recession. Sometimes the government has to print additional money to protect the financial stability of the country. Such functions are never possible with Bitcoin.

Moreover, banks do not work only with fiat money, they work with various loans. They provide financial assistance to the government in various ways. Sometimes they review home loans, sometimes loans in business, which is never possible with Bitcoin. We can use Bitcoin in transactions. We can use it as a store of value. We can use Bitcoin for our own financial security.

[HONDACD125]

MYTH: Governments have started accepting Bitcoin because they now understand its potential

FACT: They barely care about its potential or anything like that; they don't love Bitcoin because it promotes privacy, but they didn't have a choice because Bitcoin's popularity has become uncontrollable, and they knew that they can't stop everyone from using it, so they decided they are going to pretend that they love Bitcoin and are accepting it so that they can easily regulate everything around it and gain as much control as they can, because obviously, they can't control the network, but they can at least regulate centralized platforms and stuff.

This might not be a myth, but I thought it could be categorized that way because so many people have this misconception about Bitcoin's adoption by governments around the world, so I wanted to throw my two cents about it.