David Chapman, a cryptocurrency entrepreneur based in Hong Kong, boldly forecast that Bitcoin will definitely be regulated in the future.
He said: “Everyone says crypto is so bad, but there’s no difference between this and any other time when people have gone into something new.
“Is it new? Yes. Does it need to mature? Yes. Will it be regulated? Yes.”
Regulation could be one of the biggest boosts for Bitcoin investors, according to experts.
A recent document by Denmark’s Danske Bank, the country’s largest, highlighted the lack of consumer and investor protection.
It added that virtual currencies are also a “target for criminal purposes”.
However, regulation could be a turning point for such criticisms and allow Bitcoin to flourish.
Such actions from the renowned Danish bank could be a reason for a plunge in Bitcoin prices recently.
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