Should Wall Street Get Involved With Crypto?

If there is one good thing that has come from the Bitcoin hype, that is bitcoin futures. More and more exchanges are now allowing for bitcoin futures to be traded. What that means is, more dollars being poured into this cryptocurrency. More poured in means it will make it more popular, and provide greater returns to its traders.

But, if Wall Street starts pumping money – as they already have partially – that will attract regulators.  Cryptocurrencies has always been about staying away from government and regulatory bodies. I do not personally think that if Wall Street firms start trading cryptocurrencies and the government gets involved, that it will affect the price of cryptos too much: but it does invite more people to an already crowded party. No matter how much governments try and regulate bitcoin, there will be some other place that is friendly towards the cryptocurrency and will allow trading there. Look at the China situation that evolved during the summer time…the result? People just moved their money to Japan and South Korea.

So on the one hand, you have Wall Street that can’t wait to start getting involved with Bitcoin, and on the other hand you have this fear of government bodies ruining the entire good concept of cryptocurrencies. ICOs are undergoing heavy regulation – that’s for sure. Again, just refer back to the China example. At the same time, China had banned Facebook and Google, so maybe it’s not such a big deal?

It really isn’t…but at the same time, you need to understand that there are a lot of scam artists out there, that will piggy bang off a very novel concept: cryptocurrencies. Don’t blindly buy into any token: whether at the ICO stage or as a coin in the exchanges. Do your selves a great favor, and check out Rentberry. It’s an ICO that is set to change the way long term home rentals are being done.

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