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Written by Jordan Bodnar, 28.9.2017
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Bitcoin hit its all time high this month - and world governments are taking notice. Regulators in the US and Asia are writing out serious plans to regulate the cryptocurrency. This time government influence will have a positive effect on the future of bitcoin as it legitimizes the currency.
Implemented by the SEC the plan is to build a new Cyber Unit to monitor any fraud related issues. The creation of such a department will help establish a solid foundation for bitcoin pushing the price further north.
Predictive analysis points to a similarly optimistic rise in price over the next week or so potentially hurling BTC back up to the $5000 mark. With the proposed backing by the US government and a bullish trend bitcoin is on the come up for the next couple weeks.