Bitcoin Will Not Be Widespread Due to Regulatory Uncertainty

It seems that regulating Bitcoin has become an ‘arduous’ task, that is true at least according to a report published by the private intelligence company Stratfor. Stratfor is a company who provide geopolitical intelligence to individuals as well as organisations across the world.
Stratfor’s publication is called ‘The Arduous Task of Regulating Bitcoin’ and is available for download here. They forecast that the regulatory uncertainty will continue to act as a deterrent in the wider adoption of cryptocurrencies.
Why Cryptocurrencies will not become a dominant force
In its analysis of the present situation, Stratfor thinks that while the technology behind cryptocurrencies will have a ‘greater’ impact, cryptocurrencies themselves will face some issues in being widely adopted.
Stratfor forecasts:
‘Regulatory uncertainty will continue to inhibit the widespread adoption of cryptocurrencies. Though the U. S. federal government has made progress in regulating cryptocurrencies, uncertainty and ambiguity at the state level will be more difficult to overcome. Blockchain, the technology underpinning cryptocurrencies, will have a greater impact than the cryptocurrencies derived from it.’

This post was published at Coin Telegraph on 2016-08-08.