Cryptocurrency regulation - a topic at the G20 Summit

The trend for Bitcoin remains downward due to uncertainty related to the G20 Summit, which will take place today and tomorrow in Argentina, where the topic of cryptocurrencies may be discussed.

Some time ago, speaking at the Senate Banking Committee, U.S. Treasury Secretary Steven Mnuchin mentioned that he plans to raise the topic of cryptocurrency regulatory mechanisms during the March G20 Summit. French Finance Minister Bruno Le Maire also announced in December 2017 that the next meeting of the G20 working group would include discussions on the need to regulate Bitcoin at the international level.

Uncertainty around cryptocurrencies before the G20 Summit

Over the weekend, the chart of the main cryptocurrency - Bitcoin reached 7220$, then rose by 1000$, currently quoted at 8210$. If the rhetoric at the summit is positive and more countries recognize Bitcoin, this will give a good signal to investors and will positively influence cryptocurrency prices, possibly renewing the highs of 11500$, 16500$ and 20000$ after some time. In such a case, other cryptocurrencies will automatically appreciate.