On this episode of Money Never Sleeps with Louis Velazquez we are talking about Bitcoin and how its a store of value and not a replacement for the U.S. Dollar. Impending regulations that will oversee cryptocurrency and the comments from the likes of Peter Thiel.
A few weeks ago the conversation drifted towards the United States Government preventing the use of Bitcoin but that is far fetched, this is what happened when the United States was on the gold standard and no U.S. citizens could own gold but regulations from 50-70 years ago do not really make sense today.
Regulation will come and it will stabilize the cryptocurrency market, there will be various utilities for Bitcoin but not directly. It will be an interesting ride into the digital future.
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