Bitcoin transactions happen at the "speed of light" (~27:00) REALITY CHECK: As Bitcoin has grown, transactions have become slow. It's in fact why many people do not accept it for purchases anymore.
Bitcoin cannot be diluted (~27:25) REALITY CHECK: Bitcoin is always being diluted until it reaches its hard limit.
The value of Bitcoin has only increased over time (~27:50) REALITY CHECK: The log scale is playing tricks. A linear graph would show how volatile Bitcoin has truly been.
Nobody controls the network (~28:25) REALITY CHECK: If someone were to own 50% or more of the network's compute power, they could control the network.
Here are some things it omits:
Bitcoin transaction fees (~28:15): Transaction fees that empower miners have also made it much less usable as a currency. The transactions fees for Bitcoin are so high that credit card fees are actually more reasonable.
Bitcoin's hard limit is likely very dangerous for the network (~29:00): Once the hard limit is reached, it is unclear if people will keep pumping computing power at it. If the creation of new Bitcoin is no longer allowed, it is possible that transaction fees will need to be raised to compensate miners.
Bitcoin's lack of rules allow for massive amounts of fraud and prevents effective taxation (~29:25): While the video paints a cute picture of financial freedom, the reality is that Bitcoin allows for fraud on a world scale and does not allow for sales tax because of the way that anyone can have a cryptocurrency wallet without disclosing their identity.