Originally published by FinTech Global
The crypto industry has been on a white-knuckle rollercoaster over the last few years. Establishing a market presence back in 2013, the price of Bitcoin rose from just over $10,000 in 2017 to over $61,000 in October 2021. However, the market is now experiencing a bust. Was a failure to regulation to blame?
Values of cryptocurrency are currently plummeting across the board. The high-risk, high-reward nature of cryptocurrency led many to not foresee the potential huge crash that was potentially lying in its wake. Why was more not done on the regulatory front to prevent this boom-and-bust scenario?