Regulators will become a little more crypto-friendly over time out of fear of missing out on opportunities presented by the industry, says Katie Wood.
Founder and CEO of ARK Investment Management Katie Wood said during a speech at the CoinDesk Consensus 2021 conference that regulators will not be able to turn off Bitcoin, Bloomberg reports .
According to Wood, various restrictions did not prevent the main cryptocurrency from surpassing the capitalization of $ 1 trillion in 2021. Global regulators will become a little more friendly towards cryptocurrencies over time due to the fear of missing out on opportunities presented by the industry, the CEO of ARK Invest said.
Earlier, the Chinese authorities called for stricter regulation of the mining and trading of cryptocurrencies. Vice Premier of the State Council of the People’s Republic of China Liu He made a statement on May 21 .
This led to the fact that miners began to stop the mining of cryptocurrencies in the country, and the Huobi crypto exchange suspended services to customers from China. A similar decision was made by the Bybit exchange, which will restrict cryptocurrency trading for Chinese citizens from June 15.
