It is “impossible [for regulators] to shut [bitcoin] down” and regulators will become “a little more friendly over time” towards digital currencies, according to star investor Cathie Wood.

Wood’s comments at the Consensus 2021 conference come as the price of bitcoin has fluctuated, hitting lows of $31,248 on 23 May from a record of $63,346 in mid-April, according to data from Coindesk.