The value of Bitcoin has been on a steady decline for the last two months, now falling below the $5,000 mark for the first time since late 2017. With Bitcoin’s value at an all-time low, many are speculating that it is the end of the road for the cryptocurrency, or at least for the time being. Ark Investment founder, who has been a long time supporter of the cryptocurrency, doesn’t think so. In an interview with AMEinfo, Ark Investment founder, Raine Reja, and editor-in-chief, Nikita Ivanov, discuss the future of Bitcoin.
Cryptocurrency investment firm Ark Investment has revealed that its subsidiary company Ark Coin, a digital currency that is claimed to be faster, cheaper and more secure than Bitcoin, is currently running at a loss, despite being in existence for over two years. See the post .
Bitcoin is the most famous of the cryptocurrencies on the block, and the one about which many people have heard, but not all understand. Ark Investment founder James Packer recently told CNBC that shutting down Bitcoin is “impossible” due to the lack of central authority in the network.. Read more about cathie wood ethereum and let us know what you think. As bitcoin (BTC) comes under increasing scrutiny from regulators around the world, Katie Wood, founder and CEO of Ark Investment, is confident that regulators will not be able to shut down the world’s largest cryptocurrency. Wood said bitcoin is well on its way to achieving its goal and will be impossible to shut down, Bloomberg reported Thursday. Global regulators will become a bit more supportive of cryptocurrencies over time, lest they miss out on opportunities in the sector, she said at the CoinDesk Consensus 2021 conference. Recent opposition to bitcoin from regulators in Europe, the U.S. and China has contributed to the decline in bitcoin markets, but the main motivation for institutions to suspend their bitcoin purchases are environmental concerns about mining that Tesla CEO Elon Musk has talked about, she said. Earlier this month, Musk hinted that he might dump Tesla’s $1.5 billion stake in BTC due to the rapid increase in the use of fossil fuels to mine and trade bitcoin, including coal. Half the solution is understanding the problem, said Wood, who noted that miners in North America are willing to prioritize renewable energy for bitcoin mining. This will make the issue more visible and help accelerate the adoption of renewable energy than would otherwise have been the case, she said. Earlier, a report by Ark Investment had pointed out that bitcoin mining could boost investment in solar energy and promote the development of renewable energy. Woods’ comments came as bitcoin failed to stay above $40,000, after bumping up to that price level on Wednesday. At the time of publication, bitcoin is trading at $36,000, down more than 8% on the day.I am a believer for a number of reasons. First of all, I believe that investing in cryptocurrency is the biggest opportunity of our lifetime. Second, I believe that Bitcoin has a great history and will be a winner. Third, I believe Bitcoin is undervalued and will exceed all expectations in the future. Fourth, I believe that Bitcoin is the most secure way to store and transact money. Fifth, I believe that Bitcoin can be the next global reserve currency. Sixth, I believe that Bitcoin is the best performing asset in the history of finance. Seventh, I believe that Satoshi Nakamoto is a brilliant mind. My conclusion is, it is not impossible to shut down Bitcoin.. Read more about ark bitcoin prediction and let us know what you think.
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