You may have already heard about cryptocurrencies and Bitcoin. The thing with these investments is that you will need to be prepared to take losses. In 2017, Bitcoin was able to reach an all-time high of near $20K. But in 2018, things didn’t really look so good. Regulators started to notice the fact that cryptocurrencies can be used for money laundering, tax evasion and even random purchases like mini ovens. Many regulators all over the world reacted in such a way that made it difficult for people to assume anonymity while they are using cryptocurrencies. And also, crypto forensics evolved.
This year, will there be a regulation that will help bring adoption? If you will look at different countries, there are calls to regulate the industry and protect investors. On the other hand, you have countries such as China that has banned crypto exchanges from operating in the country. Regulation can be considered a piece of work. You will have to consider the fact that different countries will have a different take on the industry. In fact, the US Securities and Exchange Commission is still hesitating to approve a Bitcoin ETF mainly because they fear the possibility of price manipulation. Price manipulation could occur without the surveillance tools. You can even buy Astell & Kern headphones now with crypto, signalling the move retailing for the coins.
