Created to become a liberating technology of conventional banking and transactions, the success of Bitcoin will likely lead to the necessary regulation in the years to come up.

Steve Keen, professor of economics at Kingston University in London. As Bitcoin's price continues to cross barrier after barrier, its passage into the financial world will ultimately dominate regulation.

Speaking to RT, Keen pointed to the emergence of Cryptokitty, as well as the launch of Bitcoin. Bitcoin markets reacted incredibly strongly to the proposed term launch and continued a favorable response after the first day of trading

Keen believes that Bitcoin's value has created an excellent environment for bulls on the market who keep their Bitcoin tight:

"The intriguing thing about this is that it's good for Bitcoin sellers." As one commentator has said recently, one of the reasons why the process has so intensified … is that there is a huge pressure on the buying side of bitcoin and that it There are almost no sellers because, of course, selling involves giving up a probable capital gain, so no one wants to sell now, everyone really wants to buy. "

What's worrying the university professor is the prevalence inevitably the fraud and piracy inherent in new technologies

"You can not be deregulated in a system where there will be criminal attacks. The code itself is clearly not infallible, people will find it, the forks will be imposed on them, whether they want it or not. In this situation, regulation may be the only future. "

Although Bitcoin strives to be decentralized, it is now intrinsically linked to the larger global economy, particularly with the launch of futures. to be a transactional peer-to-peer system now has to deal with all the strings of Wall Street, says Keen:

"The idea that you can be separated the financial ecosystem, which is, I think, the fantasy behind the formation of Bitcoin, now faces the reality – that you are part of this interconnected system – whether you like it or not. it happens in other markets, you are not immune to having shortcuts, declines and price cuts … All these effects are there, they are not not preventable. "

Part of its undeniable appeal is that Bitcoin and its underlying Blockchain backbone allows the average man to conduct transactions with his neighbor, anonymously and safely, without intermediary

It also excludes the underlying problem of fiat money finally adopting Blockchain technology in the future.