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Cathie Wood Says Bitcoin ‘Impossible’ for Officials to Shut Down

From bnnbloomberg.ca

Star investor Cathie Wood has a message of reassurance for Bitcoin investors amid the din of ever harsher regulatory rhetoric: officials won’t be able to make the largest cryptocurrency go away. Tough talk against digital tokens from China and calls for greater scrutiny in Europe and the U.S. have contributed to a slump in Bitcoin, but Wood said the virtual currency is “already on its way and it’ll be impossible to shut it down.” Officials “will be a little more friendly over time” toward cryptocurrencies out of fear of missing out on the innovation provided by the sector, Wood said at the Consensus 2021 conference ... (full story)

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  • Category: Fundamental Analysis