Bitcoin catches up news headlines time and again due to multitude of reasons and diverse perspectives of the experts and traders about it. Despite being a digital currency, its popularity has left the industry wondering and worried at the same time. While some financial specialists had termed it as ‘the future of money’, some termed it as the “drug dealer’s dream.” There are still some others who consider it as “disruptive” or “transformative.” Dealing with Bitcoin not only provides you complete anonymity which lacks in traditional banking and trading; it has also radically changed the way we do banking and online transactions. Let’s discuss how Bitcoin trading is moving the world ahead and what challenges lie for it in its onward march.
In the beginning of 2017, there came a proposal by Cameron Winklevoss and Tyler, which was rejected later by the U.S. Securities and Exchange Commission. The infamous duo claimed that Mark Zuckerberg, the trail-blazer and founder of Facebook, had stolen their idea and built Facebook. They came to add more that this happened during their Harvard days and when they planned to launch a Bitcoin-based Exchange-trade Fund (ETF). The decision of SEC came after almost 4 years since the duo filed for regulatory approval.