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ET Power Talks. Open Up India. Great Manager Awards. Markets Data. Market Moguls. His comments come as more institutional players are piling in, validating bitcoin's legitimacy as a store of value and hedge against inflation. O'Leary said that the concept of a digital currency will likely come to fruition in the future, but investors should be careful glorifying bitcoin while it has yet to fulfill a defined role in financial markets and while it could still be regulated.
Though regulations could be coming for the popular token. Treasury Secretary Steven Mnuchin is proposing new rules that would require certain cryptocurrency traders to provide more information about their identities and cryptocurrency transactions. Grown men are going to weep when that happens. You'll never see a loss of capital like that ever in your life.
Submit ICO Review. Editor's Pick. Regulatory and Other Market Developments There have also been some major developments on the regulatory front. Share on Facebook. Share on Twitter. Share on Linkedin. Share on Telegram.
Author: Bhushan Akolkar. Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge.