In this video, we don't laugh when people call Bitcoin a bubble, a fraud, a tulip, a magic bean cult. We attempt to find the largest risks to Bitcoin and cryptocurrencies in the long-term. I posit that these three catalysts are the three biggest threats
- The possibility of Bitfinex and Tether being a fraud. I've discussed this some in a previous video, but am going into more detail on Bitfinex.
- A crackdown on ICOs that leads to a slowdown in funding, leading to Ethereum and other ICO-centric platforms going for a dive and taking the other cryptocurrencies with them. We look at the stances of governments on ICOs worldwide and attempt to find the direction we are headed in.
- The shutdown of fiat gateways, locking crypto off from the real world on an international basis. While there is obvious fear related to this right now due to China, I discuss why perhaps this is not as likely as bears think. Still, we discuss how you can keep up with this and what's important.