Bitcoin market economics and regulation

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Bitcoin market economics and regulation

Bitcoin: Market, economics and regulation - Think Tank

Kevin O'Leary told CNBC on Thursday that bitcoin is irrelevant to financial markets and too at risk of regulations to be taken seriously by institutional investors. It's not even a single cell amoeba," the O'Shares chairman said, "I love to talk about it, it's fun to watch it go up and down, but during the day, when the bell rings, I don't talk to anybody that's worried about this.

They do not put capital to work in bitcoin. His comments come as more institutional players are piling in, validating bitcoin's legitimacy as a store of value and hedge against inflation. O'Leary said that the concept of a digital currency will likely come to fruition in the future, but investors should be careful glorifying bitcoin while it has yet to fulfill a defined role in financial markets and while it could still be regulated.

Though regulations could be coming for the popular token. Treasury Secretary Steven Mnuchin is proposing new rules that would require certain cryptocurrency traders to provide more information about their identities and cryptocurrency transactions.

Grown men are going to weep when that happens. You'll never see a loss of capital like that ever in your life. It will be brutal," he said. ICO Review.

Submit ICO Review. Editor's Pick. Regulatory and Other Market Developments There have also been some major developments on the regulatory front. Share on Facebook. Share on Twitter. Share on Linkedin. Share on Telegram. Author: Bhushan Akolkar. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets.

He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills. Post your comment Subscribe to newsletter. Find out latest Bitcoin News. We use cookies to ensure that we give you the best experience on our website.

Bitcoin crushes doubters as 224% rally proves it’s here to stay You are on :

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1 thoughts on “Bitcoin market economics and regulation

  • 12.06.2020 at 07:04
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    You recollect 18 more century

    Reply

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