Bitcoin has been one of the hottest investments on Wall Street in 2017. But with the price of bitcoin up more than 1,600 percent and the Bitcoin Investment Trust GBTC 12.3% up 1,610 percent year-to-date, bitcoin remains one of the most polarizing investments out there. Investors not only disagree on where the price of bitcoin is headed next, regulators and market experts can’t even agree on what exactly bitcoin is. The Bitcoin Dilemma In the recent special bitcoin episode of Benzinga PreMarket Prep, Joe Saluzzi, partner and co-founder of Themis Trading, discussed the dilemma facing bitcoin investors and regulators. “I think one of the reasons regulators are struggling here is they don’t know what it is,” Saluzzi said. “They don’t know how to classify bitcoin. For instance, the CFTC may have said it is a commodity, but the SEC is leaning more toward a security. If it’s a security, then it must be regulated like a security.” Read more