US Authorities Can’t Shut Down Bitcoin

Barry Silbert, head of Grayscale Investments believes that US authorities can’t ban Bitcoin.

Silbert claims the government simply doesn’t have the power to do so!

“There’s enough support in DC from policy makers and regulators that Bitcoin has a right to exist and ultimately you can’t shut it down”, said Silbert.

He made the statements during a Grayscale investor call. The investment firm CEO also said he was “cautiously optimistic” about the future legal status of Bitcoin.

However, only time will tell how accurate is Silbert’s forecast on the matter.