Investors should be aware that the government is cracking down on the bitcoin market.
The Justice Department has started an investigation into manipulated bitcoin prices, as well as other digital coins. In conjunction with the Commodity Futures Trading Commission, the investigation will intensify the scrutiny that's been apparent in this market for months.
Once the investigation was launched, bitcoin prices started to fall. Although they have since rebounded, it's clear that traders are sensing a negative impact on the market. Since digital coins can't be easily regulated, some question the investigation- but regulators insist the long-term benefits of the added surveillance will be worth it.
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If you have lost money in a bitcoin or any other investment, give the attorneys at Sallah Astarita & Cox a call for a confidential review of your investment. You can reach them at 212-509-6544 or by email at mja@sallahlaw.com.
