Two high-profile crypto CEOs say it’s too late for governments to put the Bitcoin genie back into the bottle.
In a new interview on the What Bitcoin Did podcast, Dan Morehead, the founder of blockchain investment firm Pantera, says there may have been a time when BTC was vulnerable to an all-out ban from the US, but that time has passed.
“I think [Bitcoin has] reached escape velocity. There was a time when regulators or even a monopoly of banks could have shut it down. It’s now way bigger than that. I think one of the big announcements was when China announced their version of it. It’s game on now.
Somebody is going to build a blockchain-based payments system. China’s going to build one. Bitcoin has one. There’s going to be some others. You can’t put the toothpaste back in the tube. It’s out.”
Galaxy Digital founder Mike Novogratz agrees. He points to institutional adoption of BTC