Bitcoin is created for the public as a decentralized method of payment which means that no institution, no bank and no government has full control of the coins supply and coins value. Without control Bitcoin and others cryptocurrencies seems to be threat to the traditional financial system and this mean that this is going to force authorities to introduce stricter legislation to the cryptocurrencies.
Steve Keen, economic professor in London\'s Kingston University said that this pressure of buying Bitcoins and market imbalance is surely sings that Bitcoin need global regulation. Also, appearance of service that is barely connected to blockchain or the cryptocurrency revolution and launching Bitcoin futures on CBEO could also be alarm signs for the regulation.
The amazing thing that is happening with the Bitcoin these day is there is no much sellers Bitcoins, because selling means gaining profit with the current price of one Bitcoin and every one want to hold their Bitcoins and wait for price to escalate even more. The opposite side of this situation is happening with Bitcoin buyers, everyone want to buy Bitcoin these days.
Professor also said that the regulation could be only future for the Bitcoin because people will find a way to hack peoples accounts and there will also be another criminal attacks.
Now it is very important for the investors and owners of cryptocurrencies to follow the news about the regulation of digital currencies, because this will directly influence the exchange rate of Bitcoin and others cryptocurrencies as well. Government regulations and statements are negative for the adoption rate of cryptocurrencies. We can explain this statement with the simply example, if some big country/economy ban Bitcoin the fall of the adoption rate is only thing that can be expected.