FILE PHOTO: Representations of Bitcoin and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic
The change is being driven by an increasing appetite for bitcoin among bigger U.S. investors, according to Reuters interviews with cryptocurrency platforms and investors from the United States and Europe to South Korea, Hong Kong and Japan. Others also point out that cryptocurrency trading is highly opaque compared to traditional assets and patchily regulated, making comprehensive data on the emerging sector rare.
By comparison, a year before, East Asia led the way with 1.3 million a week versus North America’s 766,000.Those interviewed by Reuters said compliance-wary U.S. investors, many of whom had been deterred by the opaque nature of the market in the past, are being attracted by the tightening oversight of the American crypto industry.
“A lot of U.S. funds are trading with large U.S. counterparties,” said Christopher Matta of 3iQ, a Canadian digital asset manager with clients in the United States, citing exchanges such as California’s Coinbase that are overseen by New York financial regulators. Concerns that major retail exchanges linked to China but headquartered elsewhere could be caught up in a crackdown by Beijing may have pushed down demand, said Leo Weese, co-founder of the Hong Kong Bitcoin Association.
A soccer used to be born every minute. Then came the internet. Now a sucker spends every second
Desperate people investing in fictitious Coins... When this pyramid of fictitious Bitcoins collapse’s, who is going to loose all of their hard earn’t wealth..?
bye bye Super Spreader Donny.....buy buy buy Biden
Bitcoin isn't an investment, it's a Ponzi scheme to Madoff with your money.
‘Investors’ Be honest, most Bitcoin enthusiasts are unemployed millennials
Do not trade with terörist usa dolar. usa is useing dolar to destroy countries economy
There maybe trouble ahead!
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Its not on Dominion servers is it?
Speculation at its best.
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