What are the limitations of using md5 for encrypting sensitive data in PHP compared to other encryption methods?

Using MD5 for encrypting sensitive data in PHP is not recommended because it is a fast and easily reversible hashing algorithm. This means that it is vulnerable to brute force attacks and can be easily decrypted. It is better to use more secure encryption methods such as bcrypt or AES for encrypting sensitive data in PHP.

// Using bcrypt for encrypting sensitive data in PHP
$password = "secret_password";
$hashed_password = password_hash($password, PASSWORD_BCRYPT);