It is safe to use Bitcoin.
In its ten years of history, Bitcoin, when used and stored correctly, has proven itself to be a reliable financial instrument when it comes to storing value, secure borderless peer-to-peer money transfers, and accessibility.
The protocol itself is sturdy enough to withhold even the most sophisticated attacks, and most of the bad news surrounding Bitcoin hacks are due to the third-party service providers like centralized exchanges, wallet developers, or private key mismanagement.
Of course, as with every other type of money, there are certain issues Bitcoin users need to know if they want to protect their wealth. These include Bitcoin price volatility, secure storage of cryptocurrency, use of insecure third-party services, and cybersecurity threats like hacking.
At the same time, we could also raise a question whether it is safe to use dollars and other traditional finance tools, as most of the money laundering and other nefarious activities are still conducted using traditional money. The conventional financial systems have proven to be prone to economic bubbles and crises, and the government-backed money tends to significantly devalue over time.
Therefore, it is safe to use Bitcoin, especially if you’re willing to take responsibility for protecting your funds on your shoulders. And since the technology is still in development, it requires time and effort to learn how to handle it.