With Bitcoin moving closer to my forecast Target 3 I want to share a question I just answered regarding Bircoin:
Question: "Doesn't anyone believe that cryptocurrencies should be regulated to prevent a future financial meltdown?"
My answer:
"Firstly let me say I am a huge fan of Bitcoin and Ethereum but yes they certainly should be regulated. At present, altcoins are highly unregulated and newer coins are subject to “pump and dump” trading.
Both Futures and Options are looking to approve Bitcoin trading. So when highly regulated Exchanges like these approve Bitcoin & Altcoins they will explode in value.
Here are 2 articles (Wall St Journal and CNBC) showing this:
1) CBOE plans to launch Bitcoin futures, announces deal with Winklevoss brothers' digital currency exchange
2) Bitcoin Options Exchange Wins Approval From CFTC
Author: Sean Vengan, Professional Cryptocurrency Trader and Trading Educator
Question: "Doesn't anyone believe that cryptocurrencies should be regulated to prevent a future financial meltdown?"
My answer:
"Firstly let me say I am a huge fan of Bitcoin and Ethereum but yes they certainly should be regulated. At present, altcoins are highly unregulated and newer coins are subject to “pump and dump” trading.
Both Futures and Options are looking to approve Bitcoin trading. So when highly regulated Exchanges like these approve Bitcoin & Altcoins they will explode in value.
Here are 2 articles (Wall St Journal and CNBC) showing this:
1) CBOE plans to launch Bitcoin futures, announces deal with Winklevoss brothers' digital currency exchange
2) Bitcoin Options Exchange Wins Approval From CFTC
Author: Sean Vengan, Professional Cryptocurrency Trader and Trading Educator