Title: Blockchain Nears Peak Hype: UK Politicos To Probe Crypto-Coin
Hot on the heels of Bitcoin's dramatic rise and fall - and rise, British parliamentarians have decided to launch an inquiry into digital currencies.
The Treasury Committee, one of the more influential of the House of Commons' talking shops, today confirmed it will investigate the impact of cryptocurrencies and how they can be regulated.
[...] "Striking the right balance between regulating digital currencies to provide adequate protection for consumers and businesses, whilst not stifling innovation, is crucial."
[...] Many regulators and government bodies - from the European Commission to the US Securities and Exchange Commission - have made no secret of their disdain for Bitcoin.
[...] But the committee also plans to investigate the potential benefits of cryptocurrencies and the underlying distributed ledger technology, for instance in boosting security or disrupting the economy or work of the public sector.
(Score: 1) by Sulla on Monday February 26 2018, @04:39PM (1 child)
http://fortune.com/2018/02/06/bitcoin-stock-volatility-vix-sec/ [fortune.com]
SEC Chair pointing out that bitcoin is less volatile than the stock market.
Ceterum censeo Sinae esse delendam
(Score: 0) by Anonymous Coward on Monday February 26 2018, @07:34PM
I haven't understood all the nuances of that article you linked, but frankly, it doesn't pass the smell test.
Just looking at the graph of "Daily Percent Change in Prices of Bitcoin, Gold, and S&P 500 Index" makes it clear that Bitcoin is FAR more volatile than stocks as a whole.
Anecdotally, when the S&P drops 5% in a day it's national news on all the networks. When Bitcoin drops 10% in a day, everybody yawns.
I suspect this quote was cherry-picked by Bitcoin boosters to pump bitcoin further.