{"id":290519,"date":"2021-05-28T10:00:40","date_gmt":"2021-05-28T14:00:40","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=290519"},"modified":"2021-06-03T08:09:28","modified_gmt":"2021-06-03T12:09:28","slug":"cathie-wood-esg-musk-hurt-market-but-bitcoin-impossible-to-shut-down","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cathie-wood-esg-musk-hurt-market-but-bitcoin-impossible-to-shut-down","title":{"rendered":"Cathie Wood: ESG, Musk Hurt Market but Bitcoin \u2018impossible to shut down\u2019"},"content":{"rendered":"
Cathie Wood, an iconic crypto investor, has reassured Bitcoin investors<\/a> is stating that in her view the bitcoin cannot be banned and as such the market is very much here to stay. Her comments come amidst a harsh regulatory climate that is weighing on cryptocurrencies.<\/p>\n Cryptocurrencies have been under heavy scrutiny in China, Europe, and the US. This is seen as one of the main cause of the market crash that has been taking place in recent days. However, according to Cathie Wood of exchange traded funds issuer and manager Ark Invest, virtual currencies will continue to grow and would be ‘impossible to shut down.’<\/p>\n Speaking during the CoinDesk Consensus 2021 conference, the founder of Ark Investment Management LLC, Cathie Wood, said the regulatory environment towards cryptocurrencies would change as people sought to tap into the innovations offered by the sector.<\/p>\n The recent blow to the crypto market came from China after regulators cracked down on crypto mining activities. The crackdown comes after concerns over the use of harmful coal to mine Bitcoin. Elon Musk had earlier suspended<\/a> the use of Bitcoin as a means of payment by Tesla, citing environmental concerns.<\/p>\nConcerns of Bitcoin’s Impact on Environment<\/h2>\n