Tyler Winklevoss: Bitcoin has dodged the ban risk in the United States

The CEO of the cryptocurrency exchange Gemini, Tyler Winklevoss, argues that the first cryptocurrency has reached too high a level of adoption to be subject to a regulatory ban in the United States.

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“I think the United States will never declare Bitcoin illegal. There are too many precedents in the courts,” Winklevoss said.

According to him, too much would have to be undone. He had entertained the possibility of banning digital gold in 2013, but not today.

“We are talking about companies that create jobs, build economies, some of them go public. They will be the engines of the stock market. A ban is unlikely,” Winklevoss said.

The head of Gemini added that banning Bitcoin would require imposing significant internet restrictions, which would affect other aspects of the economy.

Earlier, billionaire and founder of Bridgewater Associates Ray Dalio said there was a high likelihood of a ban on the first cryptocurrency in the United States. He drew an analogy with authorities’ decision to confiscate gold from the public during the Great Depression.

As noted, in March the CEO of Cardano’s parent IOHK, Charles Hoskinson strongly rejected the possibility of a ban of Bitcoin by U.S. authorities.

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