Tue, January 31, 2023

Cryptocurrencies vs. YouTube

Crypto videos and YouTube

Google’s relationship with Bitcoin and as well as other cryptocurrencies is far from being ideal. However, Google’s recent decision will cause even bigger animosity as the company decided to remove Bitcoin and cryptocurrency videos.

YouTube is the world’s biggest video website. To have a better understanding, it is desirable to remember that 300 hours of content on everything is uploaded every minute. Google decided to remove hundreds of videos about cryptocurrencies from YouTube.

Interestingly, it targeted only smaller channels and publishers. Meanwhile, the videos which belong to news outlets CoinTelegraph and CNBC remain intact.

Google and the crypto communityCryptocurrencies on December 26

Google’s parent company Alphabet previously banned bitcoin and cryptocurrency advertisements. However, it changed the decision after three months.

People are trying to understand why Google decided to remove crypto-related content. One Youtuber stated that Google removed most of his crypto videos. Youtuber Chris Dunn cited two reasons.

The first one according to YouTube, relates to harmful content. The second is the “sale of regulated goods.” This decision is unusual, and some people from the community made it clear that they would challenge this decision.

Mati Greenspan, the founder of the research group Quantum Economics, does not agree with Google. According to Greenspan, Google did not provide any details on why it decided to remove crypto videos. Moreover, he decided to boycott YouTube due to the removal of the videos.

By removing content, it will become harder to increase the awareness about the cryptocurrencies. A lot of people are using YouTube to learn about topics ranging from physics to architecture. Google should at least justify its decision as owners of the videos, and crypto enthusiasts have the right to know why they can’t watch these videos.

In this situation, the crypto community may be forced to look for alternatives. It won’t be easy to replace YouTube. However, to avoid such scenarios in the future, owners of these videos could post them on other websites that are not against the crypto-related content.

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