Bitwise CIO: The Government Won't Hurt Bitcoin

Matt Hougan, CIO of Bitwise Asset Management, said in an interview that the U.S. government may see Bitcoin as a threat to the U.S. dollar, which may be why they are so eager to regulate it and hinder its potential success.

When it comes to Bitcoin, however, the U.S. has no choice but to “go with the flow,” and the size and scope of the currency does leave them with no choice.

In recent years, the asset has become so large that too many people own it, and there is nothing the government can do to take it away.