On January the 13th, yesterday the Texas State Securities Board, publicized a list of the top threats that investors will face in 2020, with cryptocurrencies high on the list as we are reading further in the latest crypto news.
Two weeks after 2020 has started, already investors from around the globe are showing interest in what the new decade and year will bring. On the other side, Regulators think that the awareness about potential threats is in bigger importance, which is the reason why the Texas Securities Board, the state regulator of the US state of Texas, decided to publicize a list of largest threats to investors in 2020.
The activity of the state regulator in an attempt to police the crypto space in the last few years, ever since the cryptocurrency markets exploded with the growth of Bitcoin (BTC) to $20,000 per coin in the second half of 2017. The regulator did not stop warning people against Bitcoin (BTC) and other cryptocurrencies, noting their extreme volatility and saying that it is ‘almost impossible for a layperson to understand [them].’
The regulator also said that promoters of cryptocurrencies are trying to benefit from people who are looking for a quick way to get wealthy and that there are cases were ‘seniors and retirees,’ who generally put priority to security over speculation have been persuaded to invest in ICOs. The new list of threats that was publicized yesterday is a continuation of the worries and warns once again investors not to invest in cryptocurrencies, especially without knowing the trustworthiness of the companies that emit the cryptocurrencies.
The investors who will decide to invest in the cryptocurrencies market should deal, only with companies that are registered per the advice of the Texas State Securities Board. The regulator also said that the scope of activities with real impact is small if investors get their money stolen through ICO or other cryptocurrencies related investments.
In the meantime, besides the warnings that Texas regulator has publicized and many similar warnings by a multitude of, businessmen, financial institutions and regulators, Bitcoin (BTC) was the best performing asset of 2019. At the beginning of 2019 the price of Bitcoin (BTC) was $3,500, and growth on the 22nd of June to nearly $14,000. While Bitcoin (BTC) fell in the latter part of 2019, at the very end of the year its price was ,200 and rising.
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