Gary Cohn Warns Bitcoin May Fail

The video discusses the potential of Bitcoin and cryptocurrency to transform the economy, highlighting the necessary infrastructure for blockchain applications. While the speaker is bullish on the technology, they express skepticism about Bitcoin's integrity due to its lack of transparency and audit trails. Concerns are raised about the legitimacy of Bitcoin transactions and the challenges in tracking ownership and usage, questioning its viability as a reliable asset class.

What is the speaker's general view on blockchain technology?

• Skeptical and cautious

• Bullish and optimistic

• Indifferent and neutral

• Critical and dismissive

How does the speaker feel about Bitcoin as an asset?

• Completely against

• Strongly supportive

• Highly enthusiastic

• Neutral and uncertain

What is a major concern the speaker has about Bitcoin?

• Its high transaction fees

• Its limited scalability

• Its lack of transparency

• Its slow transaction speed

Why does the speaker question the integrity of the Bitcoin system?

• Due to its complex technology

• Because of its environmental impact

• Due to its lack of an audit trail

• Because of its high volatility

What does the speaker imply is necessary for a system's integrity?

• Fast transaction processing

• Complete anonymity

• Transparency and auditability

• High market value