After a new record high of nearly $18,000 per coin this week, Bitcoin has become a digital asset that is garnering great attention in finance. As a cryptocurrency created to liberate web users from conventional banking and transactions, Bitcoin is climbing the ranks in both value and widespread use. Its pattern of monumental growth is based on growing interest from investors, and it appears to be forming into a financial titan as a result.
Based on these value trends, our former question of whether or not Bitcoin is here to stay has morphed into how the cryptocurrency will be regulated. Just this week, the US Securities and Exchange Commission Chairman warned Bitcoin investors to beware of criminal activity. Since cryptocurrency has substantially less investor protection than currency in traditional securities markets, there are greater opportunities for fraud. Speculation of legal misconduct on many cryptocurrency trading platforms has also surfaced. Looking to navigate this Cryptomania safely?
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