Why Crypto Investors Should Want "Regulation"
One of the hallmarks of decentralized cryptocurrencies is that they cannot be directly manipulated by governing authorities such as central banks. The first cryptocurrency, Bitcoin (CRYPTO: BTC), attempted to tackle this challenge and was created in response to the overreach that governments around the world took in reaction to the 2008 financial crisis.
The creation of Bitcoin provided people with an alternative to the current financial system, the strings of which are pulled by politicians and elites. Inflation, bailouts, and massive spending bills are by-products of this controlled financial environment. Bitcoin cannot be inflated, it cannot be bailed out, and it cannot be controlled by any single authority.
So wouldn't it seem counterintuitive to think that investors should want regulation from the same government against which these cryptocurrencies are meant to act as a hedge?
Source Fool.com
