Bitcoin investors were jubilant this Thursday, Dec. 5, after the cryptocurrency’s value topped $100,000 for the first time. The peak was triggered partly by president-elect Donald Trump announcing a crypto advocate to run the financial regulator, the Securities and Exchange Commission. This development raises questions about how cryptocurrencies, which have made and broken many millionaires with wild valuation swings, can be regulated effectively.
Owen Fairclough reports on the implications of this milestone and the future of crypto regulation.
Reference(s):
cgtn.com
