Strengths are based on internal factors and seen as helpful to the organization.
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0%
Large governments and institutions are using them to avoid sanctions.
GW
0%
It went up a huge amount in the past.
GW
0%
You can transfer it to people.
GW
0%
It is distributed so no central authority can control your coins.
GW
0%
It is perceived as being anonymous although in practice it's difficult to remain anonymous as a user.
GW
0%
People trust in the bitcoin technology more than they trust their bank and country's fiscal policies.
GW
0%
Govt and banks are corrupt and can easily lock you out of your money but it's harder for them to take your bitcoins!
GW
0%
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0%
Weaknesses
JB
Weaknesses are based on internal factors and seen as harmful to the organization.
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0%
It has no inherent value.
GW
0%
You can get hacked and permanently lose your coins.
GW
0%
The network can only handle a limited number of transactions.
GW
0%
Bitcoin is an environmental catastrophe because of the electricity and computers wasted on it.
GW
0%
The FBI at one point was one of the largest holders of bitcoins because they took so many criminal's bitcoins. The "rubber-hose" attack works quite well against bitcoin security.
GW
0%
Coins are initially distributed to early adopters causing uncertainty around valuation.
GW
0%
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0%
Opportunities
JB
Opportunities are based on external factors that are helpful to your organization.
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0%
It can keep on going up because of a bubble.
GW
0%
The community can lower the price of transferring a bitcoin by fixing the technology and forking the chain.
GW
0%
The community can fix the environmental issue associated with the huge amounts of energy by bitcoin miners by switching technologies and forking the chain.
GW
0%
Mainstream currencies can crash resulting in people running to bitcoin as something not tied to the economic sanity of their country.
GW
0%
Instability in the world will make people seek out bitcoins as a way of hiding and protecting their wealth.
GW
0%
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0%
Threats
JB
Threats are based on external factors that are harmful to your organization.
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0%
It is not backed by any government
JB
0%
People will find a better way to transfer money that costs nothing and that is less prone to hacking.
GW
0%
The huge amount of illegal activity associated with bitcoin will stop people from using it.
GW
0%
The huge environmental impact of bitcoin will stop people from using it.
GW
0%
Quantum computers or some new algorithm will suddenly surface and Bitcoin will be cracked.
GW
0%
Governments are beginning to make bitcoin transactions illegal.
GW
0%
Governments may heavily tax bitcoin transactions.
GW
0%
Large holders can sell at any point.
GW
0%
International laws around sanctions and laundering, at any point can threaten the economy.
GW
0%
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%
New
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%
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