00:00part five the future of bitcoin the future of bitcoin is uncertain but there are a few things that we
00:07can be sure of as more businesses begin to accept bitcoin as payment and as more people use it to
00:13transact the demand for bitcoin will continue to grow
00:17it is also likely that the supply of bitcoin will continue to tighten as the difficulty of mining new bitcoins
00:25continues to increase this suggests that the price of bitcoin will continue to go up in the long term however
00:32in the short term the price of bitcoin is highly volatile and can be affected by a number of factors
00:39including regulation media sentiment and overall market conditions
00:44one of the biggest risks to bitcoin is government regulation governments around the world are still figuring out how to
00:52deal with bitcoin and other cryptocurrencies some countries have embraced bitcoin while others have cracked down on it if governments
01:01around the world were to impose heavy-handed regulations on bitcoin it could certainly have an impact on its price
01:09another risk to bitcoin is competition there are a number of other
01:14cryptocurrencies out there that could eventually challenge bitcoin's dominance for example ethereum is a decentralized platform that allows for smart
01:24contracts and applications to be built on top of it it is essentially a more versatile version of bitcoin despite
01:32those risks we believe that bitcoin is here to stay its underlying technology is sound and its use case is
01:40growing we think that bitcoin is likely to continue to
01:43to appreciate in value over time that's all for this video
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