Bitcoin needs government regulation to rise further, Morgan Stanley saysProponents of the digital currency bitcoin frequently cite its decentralized nature as one of the primary attributes that excites them about the technology. Meanwhile, bitcoin investors are no doubt thrilled with its rapid price appreciation, which has seen it nearly triple in 2017 alone.
According to Morgan Stanley, however, the latter group may not be able to see further gains unless the former gives up some of its autonomy.
The investment bank noted that the “rapid appreciation” of bitcoin and other cryptocurrencies, like ethereum, had “elicited many inbound phone calls to both our banks and tech teams” as the gains entice prospective investors and adopters. However, it added, “governmental acceptance would be required for this to further accelerate, the price of which is regulation.”
http://www.marketwatch.com/story/bitcoin-needs-government-regulation-to-rise-further-morgan-stanley-says-2017-06-13
