Bitcoin's bounce, and the effects of newfound attention in crypto

Bitcoin has recently reached all time high prices of over $1900. This influx of capital has a profound influence on not only the potential of bitcoin, but also the entire cryptocurrency space as a whole.

While altcoins are ramping up in popularity, they are a distinctly difficult market for outsiders to adapt to. Inherently, many participants in the altcoin space view it as an exclusive one. Long standing supporters and investors in the cryptocurrency space view the influx of new money as an window that will lead to regulation.

Bitcoin and blockchain technology was made for the specific purpose of bypassing regulation, by creating a system that proofs itself without the need for an intermediary. Therefore, negative attitudes toward the space expanding are not without logical reason.

The higher that bitcoin will bounce, the more attention will be brought onto the space. It is no doubt that more money and attention in the sector will lead to regulation. However, blockchain's adoption on a widespread scale will not occur until governments recognize it as a legitimate tool to benefit both business and humanity in general.

Distributed ledger technology was made to benefit anyone and everyone with access to it, and can offer the best benefits to humanity when accessed by many. It is important not to view the spread of these benefits as a zero-sum game.

The more that partake in the cryptocurrency space, the more wealth there is to be created. New applications, services, and professions will be created as the technology sees wider popularity. This means more power, value potential, and profit to those that understand the underlying mechanics behind blockchain.