The question of Bitcoin's security is increasingly important, particularly as the price of the leading cryptocurrency continues its meteoric rise. Proponents of Bitcoin suggest that the digital currency is protected against theft and fraud by various encryption measures, the logging of transactions on the Blockchain, and Bitcoin's decentralized status. Skeptics, on the other hand, argue that any digital currency is susceptible to theft and fraud in ways that other types of currencies are not. As the price of the currency continues to increase, it's likely that hackers and thieves will look for new ways to manipulate and steal Bitcoin.
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