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Energy Consumption is too high

Bitcoin could be banned 

Bitcoin could be confiscated 

Bitcoin has no intrinsic value

Bitcoin can be lost - keys, address

Network could be hacked using quantum computing

Volatility is high

Highly speculative asset. 

Criminals use it for illegal activity

Increase or unrealized capital gains taxes

Do you believe the central banks and existing monetary infrastructure utilizes clean renewable energy? 

Bitcoin incentivizes investment in clean renewable energy through its mining and transaction processing needs. People will want to mine bitcoin at maximum profits which implies investment in clean renewable energy.

Bitcoin is impossible to ban; world governments would have to shut off the global internet. Bitcoin exists on thousands of network computers across the world, all in sink running the same software while processing complex encryption protocol. 

Former CIA director debunked myth that Criminal activity thrives on bitcoin. In fact the blockchain technology makes it easy to track down and prosecute criminals due to the fact that the ledger cannot be altered only added to. 

lost keys, stolen keys

tax burdens; unrealized or retro capital gains tax

government regulation

volatility of the price limits the store of value 

investing too much of your overall portfolio; 

temptation to sell during dips as well as to realize profits

trading on exchanges without in a secure wallet