OHIO — Bitcoin hitting record highs has gained attention among investors as President-Elect Donald Trump prepares to take office.
Jared Pincin, associate professor of economics at Cedarville University said there’s an anticipation that regulations surrounding cryptocurrency will be loosened.
Over the years, what to regulate and how to regulate it has raised questions like, “Does the IRS regulate increases in the price of Bitcoin as an investment versus just an increase in money?”
Regardless, Pincin believes as Trump takes office all of the questions will be answered. New people in Trump’s cabinet are expected to help with that process.
…
