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Governments can stop Bitcoin by shutting down mining, says Electric Capital exec

Published 04/20/2021, 03:10 PM
Updated 04/20/2021, 04:40 PM
Governments can stop Bitcoin by shutting down mining, says Electric Capital exec

Electric Capital co-founder and partner Curtis Spencer implied that the Bitcoin network may owe its continued existence to the grace of world governments.

In a panel at the Collision web summit on Tuesday, Spencer said lawmakers are the ones giving Bitcoin (BTC) a chance to grow by not imposing harsher restrictions on mining operations in their respective countries. The Electric Capital executive was speaking on the state of investing in cryptocurrency in 2021, alongside Michael Jordan of Galaxy Digital, Kartik Talwar of A Capital, Ash Egan of Accomplice, Tara Tan of IDEO CoLab Ventures and moderator Min Teo of Consensys.

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Latest comments

Totalitarism and communism are just 2 neighbours of democracy and capitalism... but since big players are into bitcoin, there’s no turning back. Just my opinion...🤷‍♀️
it's funny you put on the same side democracy and capitalism but I agree about no turning back.. it's just a matter of time
I smell some fear here, the exec implies that governments should control electricity service, based on the profit interest of banks. What's next? water? education? health system?.... bye bye capitalism, your end comes from "inside"
even if they did what the article claims,that will not stop mining from occurring..not only that but it would drive bitcoin prices through the roof and in my eyes, legitimize bitcoin even more..
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