Ethereum News Update
If there’s one fear that haunts crypto enthusiasts, it’s that governments will attach burdensome regulations to slow innovation across the industry.
So when U.S. regulators—like the U.S. Securities and Exchange Commission (SEC)—started cracking down on the initial coin offering (ICO) market, investors assumed their worst nightmares were coming true. They turned bearish almost instantly.
From the moment it became public that the SEC was handing out subpoenas, we saw cryptocurrency prices fall dramatically. The market feared regulators would refashion cryptocurrencies into something like stocks and bonds, an asset class that plays by the.
The post Ethereum Price Forecast: Cryptos Starting to Resemble Other Assets appeared first on Profit Confidential.
Written by Gaurav S. Iyer, IFC @ https://www.profitconfidential.com/cryptocurrency/ethereum/eth-price-forecast-cryptos-starting-resemble-asset-classes/ March 21, 2018 Gaurav S. Iyer, IFC