​​ The ‘future of money’ will benefit from inbuilt safeguards | ICO Republic_en

​​ The ‘future of money’ will benefit from inbuilt safeguards

The interest in cryptocurrencies shot up significantly after Bitcoin hit a record high of $19,783.21 per coin in December 2017. Investors began to take a real close look at the potential returns offered by cryptocurrencies, with one renowned venture capital investor even making a bold assertion that the value of bitcoin, in particular, will reach $250,000 per coin by 2022.

For many, cryptocurrencies — such as bitcoin, litecoin, ethereum, dogecoin, stellar, and cardano — and the underlying blockchain technology are expected to reshape the business landscape amid continuous digital innovations.

A major downside, however, is that the industry remains controversial and unpredictable, making some investors wary despite the promise of ample profits. And they remain controversial and unpredictable because many cryptocurrency exchanges are still unregulated, which means that they are not obligated to disclose ownership or financial data, among others, as required in a regulated environment.