Posted on Aug 20, 2021
Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know
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https://www.npr.org/2021/08/20/ [login to see] /tougher-rules-are-coming-for-bitcoin-and-other-cryptocurrencies-heres-what-to-kn
For many people, cryptocurrencies like Bitcoin are part of an exciting and lucrative new financial frontier. But for the country's top market watchdog, Gary Gensler, they seem "like the Wild West" – and he's promising a crackdown.
The market for cryptocurrencies has ballooned. It is currently estimated to be worth about $2 trillion, thanks to the exploding popularity of Bitcoin and other virtual money like Dogecoin.
Amateur investors, particularly younger ones, have started buying and trading cryptocurrencies, attracted to the thrill of big returns. In the past year, the value of Bitcoin has risen 300%. And cryptocurrencies are increasingly also attractive to traditional investors.
For many people, cryptocurrencies like Bitcoin are part of an exciting and lucrative new financial frontier. But for the country's top market watchdog, Gary Gensler, they seem "like the Wild West" – and he's promising a crackdown.
The market for cryptocurrencies has ballooned. It is currently estimated to be worth about $2 trillion, thanks to the exploding popularity of Bitcoin and other virtual money like Dogecoin.
Amateur investors, particularly younger ones, have started buying and trading cryptocurrencies, attracted to the thrill of big returns. In the past year, the value of Bitcoin has risen 300%. And cryptocurrencies are increasingly also attractive to traditional investors.
Tougher Rules Are Coming For Bitcoin And Other Cryptocurrencies. Here's What To Know
Posted from npr.org
Bitcoin
Investing
Posted 3 y ago
Responses: 2
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Full disclosure, I have some investments in a cryptocurrency index. However, I am getting tired of the volatility of the market. My plan? next run up I am going to sell. Long term? I think there is an absolutely place and use for cryptocurrency since blockchain is where the future is.
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