
August 20, 2013 | George McHugh | BTCGlobal.net
Treading unknown waters is generally costly for Bitcoin entrepreneurs as regulations and laws have yet to absorb Bitcoin into their expensive legal superstructure. However, Bitcoin’s price seems to profit from costly barriers to entry. In the face of almost ever major financial uncertainty, Bitcoin’s price has risen, and the number of its transactions continue to climb.
The most recent wave of Bitcoin uncertainty has placed focus on the US regulatory environment, where a huge discrepancy in the price spread is taking place between exchanges following the subpoenas of 22 Bitcoin companies and investors. The temporary rise in price appears to be a reaction to the risk of potential loss of fiat holdings, conditioned by past actions taken by the Department of Homeland Security earlier this year. Interestingly enough, the ‘apparent’ arbitrage opportunity has not affected the Bitcoin price on other exchanges.
READ MORE
{ 17 trackbacks }