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CFTC Chair Says Institutional Investment Will Benefit Cryptocurrencies

Discussion in 'General Discussion' started by Arpit, Oct 13, 2018.

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  1. Arpit

    Arpit Moderator Premium Member

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    U.S. Commodity Futures Trading Commission chair J. Christopher Giancarlo stated he believed the recent uptick in institutional investors could help cryptocurrencies “mature” in an interview with Fox Business on Friday morning.

    As in past interviews, Giancarlo expressed an optimism for the cryptocurrency market tempered with pragmatism, saying there was still work to be done:

    “We’ve still got a long way to go, there’s a lot of issues in some of these spot exchanges, a lack of transparency, a lot of conflict of interest, a lack of systems and systems safeguards, and that’s a concern. But you know, like all things, it takes time to mature, and with the movement of more institutional investors into the space, I think we’ll see that.”

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  2. MoonWalk

    MoonWalk Scholar

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    Yes seems way to manipulated with people with money
     

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