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ARK’s Cathie Wood Says Bitcoin Is ‘Impossible to Shut Down’

May 27, 2021, 11:30 PM

The emergence of Bitcoin is “already on its way and it’ll be impossible to shut it down,” said Cathie Wood, the founder of ARK Investment Management, in comments at the Consensus 2021 conference organized by Coindesk

  • Regulators have “no throat to choke” when it comes to Bitcoin; they “will be a little more friendly over time” toward crypto out of fear of missing out on the next big thing;
    • “The U.S. has been very confusing from a regulatory point of view” but new SEC head Gary Gensler will support “open mindedness”
  • Odds of raising the U.S. capital gains tax ...

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