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    Is Crypto Really Going To Crash? (Yes) | Robert Reich



    Celebrities have been shamelessly peddling crypto.

    In November, Mark Cuban said that Voyager was “as close to risk free as you’re gonna get in the crypto universe.”

    Voyager went bankrupt in June.

    Believe me when I tell you this: They’re selling you snake oil.

    Watch More: We Need to Break Up Big Tech ►► https://youtu.be/ora9KUXR7DY

    View 35 Comments

    35 Comments

    3. George McKenna on

      What were you doing that day in the administration Mr. Reich when grinning Bill Clinton killed Glass Steagall?
      What are you doing right now as the Fed cranks up the printing pre$$ to Weimar Republic speed?
      I do not have Bitcoin nor do I indorse it. But the young have a right to at least attempt to defend their bleak financial future through block chain cryptocurrency.
      Your better than this, this video is not like you; it's wooden nickel dishonest.

    7. The Genial Decepticon on

      I'm no economist, but even I knew, from the very beginning, that you can't simply "make up" a currency, base it on nothing tangible, and then expect it to become a self-sustaining economic power. The fact that you had to buy it with REAL MONEY should have been your first clue, Einsteins.

    8. Lisa Johnson on

      < I have learned in recent months is to remain calm, especially when it comes to investments in cryptocurrencies. Learn not to sell in a panic when everything goes down and not to buy in euphoria when everything goes up. I advise y'all to forget predictions and start making a good profit now because future valuations are all speculations and guesses.The market is very unstable and you can not tell if it's going bearish or bullish.While myself and others are trad! N without fear of making a loss others are being patient for the price to skyrocket, I would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 7.6 BTC in just three weeks, with the trading strategy given to me by expert trader Marcus Bryan.

    12. Public Guy on

      Yeah, crypto has been a scam from the getgo, it's sad lots of middle-income and maybe a few poor people got taken in, but if you're wealthy, then who cares. Crypto is another way for the 1% to erase wealth from the 99%.

    14. D Lo on

      Lol going to crash…a little late for this video bud. Could def go lower but this video would've been great 4 months ago

    19. claudermiller on

      I always wondered if crypto currency was so great why were companies like bitcoin trading them for dollars? Why not hold onto them if they're such a good investment?

    20. claudermiller on

      "1999 when the Clinton administration succumbed to intensive lobbying" 😆
      And some hefty "donations" to Hillary Clinton and the Clinton Global Initiative. 😆

    22. lx95020 on

      Just hold on you the worthless Crypto until the next generation comes along and falls for this Ponzi scheme and then sell…. This is obviously a scam. You mean I have to deposit my US$ via my bank to a Crypto account so I can bypass the banking industry?

    24. Summum Bonum on

      I think now is a good time to get into crypto. Just do your research first, and don't listen to people who clearly don't know much about it, like this guy. I think he is a Ponzi scheme.

    26. Kyle Greear on

      Ccrypto is off helping to regulate<, rather than pretend it won't ever happen.. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 11`btc from day-trade with Thomas Frederick Crypto in few weeks.

    27. Jane Norton on

      1st rule of money:
      When you put
      1. money
      together with
      2. people
      then the people (1.), inevitably try to steal the money (2.).
      It's an immutable law of history. Why financial systems MUST be HEAVILY regulated.

    32. sufian ahmat on

      If crypto a ponzi scheme than we can say the same for our fiat currency, because it only has value because we as a society, collectively accept it. USD is not pegged to gold or anything. The idea of crypto currency is similar to fiat currency to enable transaction. To buy or sell a product or services using crypto currency. Just like how we exchange fiat currency to trade in the market. However this basic concept is overshadow by false narrative that crypto currency is an investment tool. Crypto is not an investment tool, it is a currency and currency is for trading. The problem happen when people start thinking currency is an investment and people started selling it as it is and with too much useless crypto currency overflow its market and with zero regulation it is a breeding ground for speculation and scam. Crypto currency will not go away, yes its value will go up and down. Some will have no value similar to some fiat currency trading in the market. But just like any economic section it will stay, boom and crash and repeat just like our economy

    33. Z-time on

      ✔ Great job R.R.. You hit a grand slam on this one! The bit/byte trolls are working O.T. to dispel this one! 𝒥𝓊𝓈𝓉 𝓇ℯ𝒶𝒹 𝓉𝒽ℯ 𝓅𝓇ℴ𝓅𝒶ℊ𝒶𝓃𝒹𝒾𝓏ℯ𝒹 𝓉𝓇ℴ𝓁𝓁 𝒸ℴ𝓂𝓂ℯ𝓃𝓉𝓈!

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