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Learning & News => News related to Crypto => Topic started by: newshunter on May 30, 2021, 01:00:50 AM

Title: Shutting down Bitcoin is impossible, Ark Investment founder says
Post by: newshunter on May 30, 2021, 01:00:50 AM

Shutting down Bitcoin is impossible, Ark Investment founder says

Multiple efforts to ban Bitcoin couldn’t stop the largest cryptocurrency from becoming a $1-trillion asset earlier this year.

Source: Shutting down Bitcoin is impossible, Ark Investment founder says (https://cointelegraph.com/news/shutting-down-bitcoin-is-impossible-ark-investment-founder-says)

Would appreciate your opinion about this

Title: Re: Shutting down Bitcoin is impossible, Ark Investment founder says
Post by: TomPluz on May 30, 2021, 06:05:03 AM

Nobody can shut down Bitcoin all because this is using Distributed Ledger Technology and is built for the same purpose making it censor-free. However, we know that trading can be affected if a country is not allowing its buy, sell and use just like what is happening right now in China. And that is why even if there is going to be strict regulations in markets like the USA, we still have to be thankful that it is not the policy of the policy to have cryptocurrency generally banned. Going against governments' power can be a distressful thing, and we know how people in the government can be using their vested power to make things so difficult.