What drives these projections? Well, a couple of reasons. For starters, most are optimistic about the value of the crypto’s scarcity coming into play. Secondly, maximalists envision a future where demand for Bitcoin is endless. Finally, with Bitcoin adoption rising by 113% annually, many believe the same will one day be highlighted by BTC’s price. Taxation and regulationEdit In September 2014, TeraExchange, LLC, received approval from the U.S.Commodity Futures Trading Commission "CFTC" to begin listing an over-the-counter swap product based on the price of a bitcoin. The CFTC swap product approval marks the first time a U.S. regulatory agency approved a bitcoin financial product.
The legality of Bitcoin for you depends on where you are in the world. Bitcoin is not legal in all countries; there are countries where you could be punished for buying bitcoins with your own money or for even holding bitcoins. However, the level of anonymity afforded by BTC is enough to keep you secure. Do your research on the legality of Bitcoin in your country before you decide to invest in the coin. What is Bitcoin halving? For calculations in the bitcoin network, it uses the unit of the same name "Bitcoin" (BTC), which is the first and best-known cryptocurrency. Since its creation, bitcoin remains the largest cryptocurrency by its market capitalization.