{"id":261391,"date":"2021-05-28T14:18:42","date_gmt":"2021-05-28T11:18:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/shutting-down-bitcoin-is-impossible-ark-investment-founder-says\/"},"modified":"2021-05-28T14:18:42","modified_gmt":"2021-05-28T11:18:42","slug":"shutting-down-bitcoin-is-impossible-ark-investment-founder-says","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/shutting-down-bitcoin-is-impossible-ark-investment-founder-says\/","title":{"rendered":"# Shutting down Bitcoin is impossible, Ark Investment founder says"},"content":{"rendered":"<p>&#8220;<strong># Shutting down Bitcoin is impossible, Ark Investment founder says <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOWM3YTg1OTQtNDUyNy00YzVhLTkyNWQtYTQ4NDRlMzc3YmM4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide,\u00a0Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world\u2019s largest cryptocurrency.<\/p>\n<p>Wood said that Bitcoin is \u201calready on its way and it\u2019ll be impossible to shut it down,\u201d Bloomberg <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-05-28\/cathie-wood-says-bitcoin-impossible-for-officials-to-shut-down\">reports<\/a> Thursday. Global regulators \u201cwill be a little more friendly over time\u201d to cryptocurrencies due to the fear of missing out on opportunities provided by the industry, she said at Coindesk\u2019s Consensus 2021 conference.<\/p>\n<p>The recent regulatory pushback against Bitcoin in Europe, the United States and China contributed to a slump in Bitcoin markets, but the primary trigger for institutions pausing Bitcoin purchases were the mining-related environmental concerns escalated by Tesla CEO Elon Musk, she said.<\/p>\n<p>Earlier this month, Musk hinted that he may dump Tesla\u2019s $1.5 billion BTC holdings due to \u201crapidly increasing use of fossil fuels for Bitcoin mining and transactions, especially coal.\u201d<\/p>\n<p>\u201cHalf of the solution is understanding the problem,\u201d Wood said, noting that miners in North America are willing to prioritize renewable sources of energy for Bitcoin mining. This will \u201cbring that topic into stark relief, and will encourage an acceleration in the adoption of renewables beyond which otherwise would have taken the place,\u201d she said. Previously, an Ark Investment report stressed that Bitcoin mining can drive investment in solar power and boost renewable energy.<\/p>\n<p>Wood&#8217;s comments come as Bitcoin failed to hold above $40,000 after rebounding to the price mark on Wednesday. At publishing time, Bitcoin is trading at $36,000, down over 8% on the day.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/shutting-down-bitcoin-is-impossible-ark-investment-founder-says\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Shutting down Bitcoin is impossible, Ark Investment founder says &#8221; While Bitcoin (BTC) increasingly falls under the scrutiny of regulators worldwide,\u00a0Ark Investment founder and CEO Cathie Wood is confident that regulators will not be able to shut down the world\u2019s largest cryptocurrency. Wood said that Bitcoin is \u201calready on its way and it\u2019ll be&#8230;<\/p>\n","protected":false},"author":1,"featured_media":261392,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDUvOWM3YTg1OTQtNDUyNy00YzVhLTkyNWQtYTQ4NDRlMzc3YmM4LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74863,4973,70752,10595,71511,55229,70934],"class_list":["post-261391","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-cryptocurrencies","tag-china","tag-energy","tag-environment","tag-government","tag-law","tag-regulation"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/261391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=261391"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/261391\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/261392"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=261391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=261391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=261391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}