July 11, 2018
Greetings,
I want to start by putting aside the price and say that if we are ever going to get a chance to see this technology behind Bitcoin continue to grow to the level that is expected, regulatory certainty will be a central catalyst.
Due to past lack of solidarity of governments in regards to cryptocurrency, the over-all tone of these markets remain skidish and uncertain. And as long as this environment continues to exist, stifling the growth of the technology itself could become a true risk. Which means we also risk never truly realizing the full potential this technology could bring.
If the United States allowed Bitcoin to become traded on established and secure exchanges that have the vision, security and data in place to now better grasp the nature of bitcoin and the security obstacles that come along with it, a great stepping stone to at least having a clearer picture in regards to how this volatile asset should be treated by governments going forward could be achieved.