{"id":436789,"date":"2023-09-06T11:01:44","date_gmt":"2023-09-06T11:01:44","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=436789"},"modified":"2023-09-06T15:02:22","modified_gmt":"2023-09-06T15:02:22","slug":"cathie-woods-ark-invest-says-us-attempts-to-wound-bitcoin-hurt-its-long-term-strategic-interests","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/cathie-woods-ark-invest-says-us-attempts-to-wound-bitcoin-hurt-its-long-term-strategic-interests","title":{"rendered":"Cathie Wood’s Ark Invest Says US \u201cAttempts to Wound Bitcoin\u201d Hurt Its Long-Term Strategic Interests"},"content":{"rendered":"

Cathie’s Wood’s Ark Invest said attempts by the US to “<\/span>wound bitcoin<\/span>” will hurt the country’s long-term strategic interests.<\/span><\/p>\n

The US should embrace Bitcoin, not try to control it, tweeted Brett Winton, the firm’s chief futurist, in an Aug. 5 post on social media platform X.<\/span><\/p>\n

The futurist said regulatory crackdowns on <\/span>Bitcoin and other cryptocurrencies are like trying to get rid of language translation technology.  <\/span><\/p>\n

“Trying to kill bitcoin because it threatens the supremacy of the U.S. dollar system is like trying to kill language translation technology because it threatens the supremacy of English,” he said.<\/span><\/p>\n

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both technologies, at more frictionless adoption, tend to steepen the power law advantage that the English\/dollar system already enjoys<\/p>\n

everything else becomes commoditized\/intechangeable<\/p>\n

the US attempts to wound bitcoin come at the expense of US long-term strategic interests https:\/\/t.co\/SF39tTYfLg<\/a><\/p>\n

— Brett Winton (@wintonARK) September 5, 2023<\/a><\/p><\/blockquote>\n