If anyone has bitcoin now.....it’s TIME TO SELL.
The fraud potential is huge and you don’t want to be the one trying to sell in a panic.
In and of itself (that is “Bitcoin” itself) there hasn’t been shown to be any fraud potential. No one has shown that to be the case.
HOWEVER, there is “fraud potential” in using it (but not intrinsic to Bitcoin) - by way of how some people use it. An example would be in using it to engage in illegal activities where you are dealing with criminals and crooks (for instance, buying illegal street drugs).
But that kind of “fraud potential” would be there even if you use US Dollars or gold Krugerrands. There are other means of fraud, too - but it all has to do with “dealing with people” or businesses who are crooked in the first place. These kind of people would defraud you of US Dollars or any other kind of currency by the schemes they invent.