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Title: 2020-12-27 Bloomberg - BTC Faces Regulatory Scrutiny After Record-Breaking Rally Post by: acquafredda on December 28, 2020, 09:33:41 AM Quote It’s been a tough year by all accounts. But for Bitcoin, 2020 has been a marvelous time. The cryptocurrency almost quadrupled, surpassing $20,000 for the first time as it notched record after record. The diehards cheered it as an inflation hedge in an era of unprecedented central bank largesse. Wall Street veterans from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset, adding to the rally. And companies like MicroStrategy Inc. and Square Inc. moved cash reserves into crypto in search of better returns than near-zero interest rates deliver. https://www.bloomberg.com/news/articles/2020-12-27/bitcoin-faces-regulatory-scrutiny-after-record-breaking-rally Brace yourself, regulation is coming. |