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CFTC Chairman: Bitcoin Is Best Suited for Long-Term…

“The chair of the U.S. Commodity Futures Trading Commission (CFTC) has said that bitcoin has elements of all the different asset classes” writes Rebecca Campbell for While the cryptocurrency market has some way to go yet it is certainly becoming more mainstream.Last week, it was reported that the CEO of Nasdaq said that the stock exchange would be open to becoming a cryptocurrency exchange once the issue of regulation was tackled.Since then it has rallied in value, and at the time of publishing, bitcoin is trading at over $9,000, according to CoinMarketCap.Since then, however, bitcoin has dropped in value amid increasing pressure to regulate the market and mass selloffs.

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