Government Regulators are talking more and more about Bitcoin and cryptocurrencies, especially as the overall crypto market capitalization has grown from under $100 billion to over $600 billion in the past year. Many people talk about the "crypto bubble popping", but to be honest, I think the most worrisome thing is excessive government regulation, which will in turn, negatively effect the crypto markets.
Let's talk today about the recent news from South Korea, as well as comments from the United States Treasury Secretary, Steven Mnuchin, regarding Bitcoin and crypto, and what the long-term risks might be.
Article from Bloomberg and source from video:
https://www.bloomberg.com/news/articles/2018-01-12/mnuchin-warns-against-bitcoin-becoming-next-swiss-bank-account
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