“The relative size of this user group raises questions,” Susan Eustis, president of WinterGreen Research Inc., said in an email. “As cryptocurrency venues have come under growing scrutiny around the world in recent months—amid a range of issues including thefts, market manipulation, and money laundering—the base of the bitcoin appeal has eroded.”Skeptics have remained vocal. Bitcoin got no love from two of the world's wealthiest men, Bill Gates and Warren Buffett, with the latter calling the currency "probably rat poison squared” last month.In China, the Communist Party-run People's Daily reported on June 7 that the country will continue to crack down on illegal fundraising and risks linked to Internet finance, quoting central bank officials. The nation's cleanup of initial coin offerings (ICOs) and bitcoin exchanges has almost been completed, the newspaper said, citing Sun Hui, an official at the Shanghai branch of the central bank.
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