David Stockman, who earlier headed the White house budget assumes that the price of bitcoin will fall as rapidly as it grew, than to teach a cruel lesson to all cryptocurrency investors.
Criticizing the cryptocurrency, he argues that because of the huge volatility of bitcoin prices it can't be used as currency. Although bitcoin investors were confident that the defeat will help the volatility of bitcoin futures, which appear in an increasing number of exchanges and funds.
Stockmen also assures that derivative bitcoin does not legitimize it, and will only help the hustlers from wall street to make profit on ordinary investors, who are discouraged by the price increase of bitcoin.
But despite the criticism of cryptocurrency, Stockman believes that to regulate crypto-currencies, or ban them is not worth it. Here is what he said:
"Regulators generally do not do anything with this technology. She can take care of myself".
author:ALEX077