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As bold statements are featured on Twitter about Bitcoin’s futures, we are seeing more and more crypto-related recognition across the board as the market shows signs of life again. As you know, after a dip in price, Bitcoin is on the rise again, coming up above the $8 000 mark.

It is certainly considered a good move by some to buy it now while it is cheap before it sky-rockets at millions. Danny Masters, the chairman of Coin SHares, also discussed his view on the subject:

“I like bitcoin. I think we’ve seen a lot of liquidation, I think we’ve seen a lot of leverage coming out of the market, which was probably a little too risky for some people to hold onto and that’s come out…“Bitcoin is a very difficult market to analyze. There are metrics that don’t exist in the markets that we traditionally know and love…“I think the setup is there, the story is convincing and the technology is convincing. We may not know the proof for another 10 years.”

Bitcoin’s liquidity issue has long been a subject of speculation by users who believed that this industry’s volatility would prevent serious investors like NYSE from joining (who are contemplating the concept now with more and more interest).

In his interview with The Business Insider Masters commented on crytotechnology’s integration into the existing markets:

“There’s something of a trench warfare going on between what I call analog financial services companies and digital financial services companies. The analog financial services companies are not in this game at all. They don’t want to touch the core currency, which is bitcoin or ethereum, they’re suspicious about the industry itself. A lot of people think it’s a criminal enterprise and a Ponzi scheme and a scam.”

He went on to say:

“In my mind, the cryptocurrency landscape is like the fog of war. You might be able to see the few people around you, you can see the hill over there, but very few people can see the whole landscape. We’re in a very fortunate position because we touch so many different parts of it. For us, it is abundantly clear that we are in the midst of a true financial revolution.”

Masters points out that the fact that banks are now taking an aggressive and unified stance on Bitcoins means that Bitcoins are a force to be reckoned with:

“[Banks] have gone from dismissive, to unified in their resistance. Why? Why is something they ridiculed three months ago now something they feel the need to unite against and try and kill?”

Now that it seems that the system is threatened by the concept of mobile transactions that could go under the radar and disrupt the economic system, the question to ask is: how powerful can the crypto technology really become in the years to come and how will that influence the future of all cryptocurrency?

As the countries gather to try to instill some kind of a regulation on Blockchain, and the G20 seems to struggle to come to some kind of a consensus, the whales like The US and Japan are actively in search of a legislation that would create a yoke of sorts to prevent cryptocurrency from causing damage. The SEC has officially issued a statement warning everyone involved in the business of crypto-trading:

“A number of concerns have been raised regarding the cryptocurrency and ICO markets, including that, as they are currently operating, there is substantially less investor protection than in our traditional securities markets, with correspondingly greater opportunities for fraud and manipulation.

Investors should understand that to date no initial coin offerings have been registered with the SEC. The SEC also has not to date approved for listing and trading any exchange-traded products (such as ETFs) holding cryptocurrencies or other assets related to cryptocurrencies.[2] If any person today tells you otherwise, be especially wary.

We have issued investor alerts, bulletins and statements on initial coin offerings and cryptocurrency-related investments, including with respect to the marketing of certain offerings and investments by celebrities and others.[3] Please take a moment to read them. If you choose to invest in these products, please ask questions and demand clear answers. A list of sample questions that may be helpful is attached.

As with any other type of potential investment, if a promoter guarantee returns, if an opportunity sounds too good to be true, or if you are pressured to act quickly, please exercise extreme caution and be aware of the risk that your investment may be lost.”

Does the fact that the government is very keen to restrain crypto mean that there is a tremendous amount of power in all blockchain-related areas, whether the future belongs to blockchain or Bitcoin? We leave the reader to consider all possible angles while warning again to take all the associated risks very seriously.

Image by 99 Bitcoins.

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