Don’t let crypto go the way of 5G

At $6,096, Bitcoin hit its highest price of the year on May 9. All this despite a $40 million hack earlier that week, a call from a Nobel laureate to ban all cryptocurrencies, and continuing signals from the Securities Exchange Commission that regulatory guidelines on digital assets were imminent. Yet the market apparently sloughed off the bad news after Fidelity Investments announced that it would launch Bitcoin trading on behalf of clients in coming weeks, serving notice to central bankers and old school economists that cryptocurrencies like Bitcoin, Ether, Litecoin and XRP are not going away. That’s why the sooner agencies like the SEC start treating cryptocurrencies like the tools…