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Are you frustrated that Bitcoin is not available for purchase through UK-based institutional investors? Would you buy it if it were, or would you stay away from it?
As of this year, US investors can now purchase Bitcoin via highly regulated products offered by reputable financial groups, rather than having to purchase Bitcoin directly from offshore cryptocurrency exchanges.
However, unlike the US, UK regulators have not approved Bitcoin exchange-traded funds, and believe that cryptocurrency derivatives are “unsuitable” for retail consumers.
UK investors watched Bitcoin rise to hit an all-time high above $70,000 this month, up from around $42,000 in January.
FT Money asks readers whether they think bitcoin or other cryptocurrencies should take their place among their portfolio of traditional assets, or whether they consider them unsafe homes for their money. Should UK regulators set rules to help people access the market? Tell us what you think by writing in confidence to money@ft.com.
