{"id":10127,"date":"2021-08-18T16:59:30","date_gmt":"2021-08-18T20:59:30","guid":{"rendered":"https:\/\/www.silverlaw.com\/blog\/?p=10127"},"modified":"2021-08-18T16:59:30","modified_gmt":"2021-08-18T20:59:30","slug":"sec-issues-investor-alert-on-bitcoin","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/sec-issues-investor-alert-on-bitcoin\/","title":{"rendered":"SEC Issues Investor Alert On Bitcoin"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9935 size-full\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg\" alt=\"Bitcoin: it\u2019s the virtual currency based on blockchain technology. It\u2019s rising, falling, trading, and the \u201cwave of the future,\u201d depending on who you talk to. Started in 2009 as an international alternative currency, a growing number of businesses are accepting bitcoin as a standard method of payment. PayPal has also begun allowing customers of their cash accounts to buy, sell, and hold Bitcoin and three other cryptocurrencies in their own accounts.  One of the many ways people buy and use use Bitcoin is as an investment vehicle. This includes the purchase of a futures contract strictly for Bitcoin. These contracts are considered commodities, and fall under both the Securities and Exchange Commission and the Commodities Futures Trading Commission.  The SEC and the CFTC recently issued an investor alert to inform the public about funds trading in bitcoin futures. Some investors may decide to invest in bitcoin futures as a way getting into cryptocurrency in a small way.  In this press release, both agencies emphasize that any cryptocurrency investment is speculative, and could rise or fall quickly. It\u2019s important to consider your risk tolerance before investing in any investment, due to the potential for losing the entire amount. Bitcoin is particularly volatile, because of the up-and-down nature of its price. The underlying \u201cspot\u201d or cash Bitcoin market also adds the possibility of fraud and manipulation. \u00a0\" width=\"300\" height=\"200\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2021\/04\/FiverrLossesSmall-180x120.jpg 180w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/>Bitcoin: it\u2019s the virtual currency based on blockchain technology. It\u2019s rising, falling, trading, and the <em>\u201cwave of the future,\u201d<\/em> depending on who you talk to. Started in 2009 as an international alternative currency, a growing number of businesses are accepting bitcoin as a standard method of payment. PayPal has also begun allowing customers of their cash accounts to buy, sell, and hold Bitcoin and three other cryptocurrencies in their own accounts. <a href=\"https:\/\/www.silverlaw.com\/blog\/sec-issues-investor-alert-on-bitcoin\/#more-10127\" class=\"more-link\">Continue reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin: it\u2019s the virtual currency based on blockchain technology. It\u2019s rising, falling, trading, and the \u201cwave of the future,\u201d depending on who you talk to. Started in 2009 as an international alternative currency, a growing number of businesses are accepting bitcoin as a standard method of payment. PayPal has also begun allowing customers of their [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[595,619],"tags":[],"class_list":["post-10127","post","type-post","status-publish","format-standard","hentry","category-investment-fraud","category-sec-investor-bulletin"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Issues Investor Alert On Bitcoin &#8212; Securities Arbitration Lawyers Blog<\/title>\n<meta name=\"description\" content=\"The SEC and the CFTC recently issued an investor alert to inform the public about funds trading in bitcoin futures.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/sec-issues-investor-alert-on-bitcoin\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Issues Investor Alert On Bitcoin &#8212; 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