--- title: "Meaning & Key Takeaway of: Regulators are going to have to come up…" description: "\"Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also recognize that this is a global phenomenon..." image: "https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg" --- # Regulators are going to have to come up with a way to… ![“Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also recognize that this is a global phenomenon.” quote by Barry Silbert](https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg) [Download](https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg) [Open image](https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg) > “Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also recognize that this is a global phenomenon.” [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Bitcoin regulation should be balanced, thoughtful, and recognize its global impact. **In simple terms:** Regulation needs nuance and global perspective. Key Takeaway Advocate for fair, worldwide crypto policies. Themes finance technology regulation globalization cryptocurrency Mood cautious analytical Type policy strategic When to use this quote - government policy - industry compliance - international summits Key Concepts policy design economic impact decentralization Questions to Reflect On - What safeguards protect innovation while regulating? - How can global consensus be achieved? A Different Perspective Implementation may lag behind rapid tech change. ★ ★ ★ ★ ★ No ratings yet [Bitcoin](https://sms4smile.com/quotes/about/bitcoin/) [Currency](https://sms4smile.com/quotes/about/currency/) [Regulators](https://sms4smile.com/quotes/about/regulators/) [Thoughtful](https://sms4smile.com/quotes/about/thoughtful/) ## Related quotes > [You just can't bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.](https://sms4smile.com/quotes/barry-silbert/you-just-can-t-bifurcate-bitcoin-currency-from-the-technology-bitcoin/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [As people want to move money around the world, they're going to be moving in and out of bitcoin quickly, but they're still going…](https://sms4smile.com/quotes/barry-silbert/as-people-want-to-move-money-around-the-world-they-re-going-to-be/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [To be a more efficient, faster, and cheaper way to send money around the world, you have to be able to get in and…](https://sms4smile.com/quotes/barry-silbert/to-be-a-more-efficient-faster-and-cheaper-way-to-send-money-around/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [We are very excited about the use of blockchain, whether it's Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as…](https://sms4smile.com/quotes/barry-silbert/we-are-very-excited-about-the-use-of-blockchain-whether-it-s-bitcoin/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [People have been scared off Bitcoin by the fact that you needed to put your money in an unregulated overseas platform that has been…](https://sms4smile.com/quotes/barry-silbert/people-have-been-scared-off-bitcoin-by-the-fact-that-you-needed-to/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is one of the most viral concepts I've ever encountered.](https://sms4smile.com/quotes/barry-silbert/bitcoin-is-one-of-the-most-viral-concepts-i-ve-ever-encountered/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so…](https://sms4smile.com/quotes/barry-silbert/our-mission-is-to-accelerate-the-development-of-a-better-financial/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase. It's happened four times, and it will happen again.](https://sms4smile.com/quotes/barry-silbert/the-history-of-bitcoin-trading-is-a-bubble-a-correction-consolidation/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [That's a term that I really like - 'permissionless innovation' - because anybody who has an idea and has a solution can tap into…](https://sms4smile.com/quotes/barry-silbert/that-s-a-term-that-i-really-like-permissionless-innovation-because/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Just like the Internet disrupted the publishing industry, we're going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses…](https://sms4smile.com/quotes/barry-silbert/just-like-the-internet-disrupted-the-publishing-industry-we-re-going/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Once Wall Street starts putting money into Bitcoin - we're talking about hundreds of millions, billions of dollars moving in - it's going to…](https://sms4smile.com/quotes/barry-silbert/once-wall-street-starts-putting-money-into-bitcoin-we-re-talking/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Essentially, if you decide to sell a widget using BitPay, and you sell the widget for $100, in Bitcoin you get $100. And so…](https://sms4smile.com/quotes/barry-silbert/essentially-if-you-decide-to-sell-a-widget-using-bitpay-and-you-sell/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [The guiding purpose of the government regulator is to prevent rather than to create something.](https://sms4smile.com/quotes/alan-greenspan/the-guiding-purpose-of-the-government-regulator-is-to-prevent-rather/) [Alan Greenspan](https://sms4smile.com/quotes/author/alan-greenspan/) > [The corporation is not an independent "person" with its own rights, needs, and desires that regulators must respect. It is a state created tool…](https://sms4smile.com/quotes/joel-bakan/the-corporation-is-not-an-independent-person-with-its-own-rights/) [Joel Bakan](https://sms4smile.com/quotes/author/joel-bakan/) ## More by Barry Silbert > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Essentially, if you decide to sell a widget using BitPay, and you sell the widget for $100, in Bitcoin you get $100. And so…](https://sms4smile.com/quotes/barry-silbert/essentially-if-you-decide-to-sell-a-widget-using-bitpay-and-you-sell/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Once Wall Street starts putting money into Bitcoin - we're talking about hundreds of millions, billions of dollars moving in - it's going to…](https://sms4smile.com/quotes/barry-silbert/once-wall-street-starts-putting-money-into-bitcoin-we-re-talking/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Just like the Internet disrupted the publishing industry, we're going to see Bitcoin micropayments creating some very interesting opportunities for pay-as-you-go, pay-based-on-time online businesses…](https://sms4smile.com/quotes/barry-silbert/just-like-the-internet-disrupted-the-publishing-industry-we-re-going/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [That's a term that I really like - 'permissionless innovation' - because anybody who has an idea and has a solution can tap into…](https://sms4smile.com/quotes/barry-silbert/that-s-a-term-that-i-really-like-permissionless-innovation-because/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [The history of Bitcoin trading is a bubble, a correction, consolidation, and another increase. It's happened four times, and it will happen again.](https://sms4smile.com/quotes/barry-silbert/the-history-of-bitcoin-trading-is-a-bubble-a-correction-consolidation/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Our mission is to accelerate the development of a better financial system; it's not just development of a better Bitcoin financial system, and so…](https://sms4smile.com/quotes/barry-silbert/our-mission-is-to-accelerate-the-development-of-a-better-financial/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is one of the most viral concepts I've ever encountered.](https://sms4smile.com/quotes/barry-silbert/bitcoin-is-one-of-the-most-viral-concepts-i-ve-ever-encountered/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [While I have never been more excited about SecondMarket, I have chosen to move on from day-to-day management of the private company/fund business so…](https://sms4smile.com/quotes/barry-silbert/while-i-have-never-been-more-excited-about-secondmarket-i-have-chosen/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [People have been scared off Bitcoin by the fact that you needed to put your money in an unregulated overseas platform that has been…](https://sms4smile.com/quotes/barry-silbert/people-have-been-scared-off-bitcoin-by-the-fact-that-you-needed-to/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [We are very excited about the use of blockchain, whether it's Bitcoin or not, but we are as enthusiastic as ever about Bitcoin as…](https://sms4smile.com/quotes/barry-silbert/we-are-very-excited-about-the-use-of-blockchain-whether-it-s-bitcoin/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [To be a more efficient, faster, and cheaper way to send money around the world, you have to be able to get in and…](https://sms4smile.com/quotes/barry-silbert/to-be-a-more-efficient-faster-and-cheaper-way-to-send-money-around/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [As people want to move money around the world, they're going to be moving in and out of bitcoin quickly, but they're still going…](https://sms4smile.com/quotes/barry-silbert/as-people-want-to-move-money-around-the-world-they-re-going-to-be/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [You just can't bifurcate bitcoin currency from the technology. Bitcoin will always need a monetary base.](https://sms4smile.com/quotes/barry-silbert/you-just-can-t-bifurcate-bitcoin-currency-from-the-technology-bitcoin/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) [Explore all 15 Barry Silbert quotes ](https://sms4smile.com/quotes/author/barry-silbert/) ## More Bitcoin quotes > [The bitcoin network is not a payments network and it is not a scaling network.](https://sms4smile.com/quotes/sam-bankman-fried/the-bitcoin-network-is-not-a-payments-network-and-it-is-not-a-scaling/) [Sam Bankman-Fried](https://sms4smile.com/quotes/author/sam-bankman-fried/) > [I had been exposed to bitcoin early. I thought the consumer application of it felt, to me, further away. I thought there would be…](https://sms4smile.com/quotes/brad-garlinghouse/i-had-been-exposed-to-bitcoin-early-i-thought-the-consumer/) [Brad Garlinghouse](https://sms4smile.com/quotes/author/brad-garlinghouse/) > [In 2008, Bitcoin was mysteriously introduced to the world in an obscure, technical paper written under the pseudonym Satoshi Nakamoto. By late 2013, the…](https://sms4smile.com/quotes/steve-hanke/in-2008-bitcoin-was-mysteriously-introduced-to-the-world-in-an/) [Steve Hanke](https://sms4smile.com/quotes/author/steve-hanke/) > [We need to come up with use cases for this technology that drive clear benefits for individuals and institutions - these are our customers.…](https://sms4smile.com/quotes/abigail-johnson/we-need-to-come-up-with-use-cases-for-this-technology-that-drive/) [Abigail Johnson](https://sms4smile.com/quotes/author/abigail-johnson/) > [Sir Richard Branson started out as a small business owner and now owns a conglomerate that will give you a ride to the moon.…](https://sms4smile.com/quotes/perianne-boring/sir-richard-branson-started-out-as-a-small-business-owner-and-now/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Exchanging bitcoin on behalf of ransomware victims should not be construed as criminal activity by the exchanger, not as a matter of law nor…](https://sms4smile.com/quotes/perianne-boring/exchanging-bitcoin-on-behalf-of-ransomware-victims-should-not-be/) [Perianne Boring](https://sms4smile.com/quotes/author/perianne-boring/) > [Until part of your paycheck is regularly paid in Bitcoin, I'm not sure how it would really go mainstream. I can imagine places in…](https://sms4smile.com/quotes/gavin-andresen/until-part-of-your-paycheck-is-regularly-paid-in-bitcoin-i-m-not-sure/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) > [Calling bitcoin volatile - it's a non-statement. Unregulated assets with unclear regulatory landscapes are always going to be volatile. That's what unregulated assets do.](https://sms4smile.com/quotes/tyler-winklevoss/calling-bitcoin-volatile-it-s-a-non-statement-unregulated-assets-with/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [We see bitcoin as potentially the greatest social network of all.](https://sms4smile.com/quotes/tyler-winklevoss/we-see-bitcoin-as-potentially-the-greatest-social-network-of-all/) [Tyler Winklevoss](https://sms4smile.com/quotes/author/tyler-winklevoss/) > [As the platform and protocol become more ingrained in society, get built into products and services, and basically become more of the mesh of…](https://sms4smile.com/quotes/barry-silbert/as-the-platform-and-protocol-become-more-ingrained-in-society-get/) [Barry Silbert](https://sms4smile.com/quotes/author/barry-silbert/) > [Bitcoin is not “unregulated”. It is regulated by algorithm instead of being regulated by government bureaucracies. Un-corrupted.](https://sms4smile.com/quotes/andreas-antonopoulos/bitcoin-is-not-unregulated-it-is-regulated-by-algorithm-instead-of/) [Andreas Antonopoulos](https://sms4smile.com/quotes/author/andreas-antonopoulos/) > [The rudest possible gift is a gift card. It means you think the person is stupid and has no interests. The only good gift…](https://sms4smile.com/quotes/john-waters/the-rudest-possible-gift-is-a-gift-card-it-means-you-think-the-person/) [John Waters](https://sms4smile.com/quotes/author/john-waters/) > [If the U.S. government tries to restrict or clamp down, that just means there will be many more bitcoin businesses in Hong Kong and…](https://sms4smile.com/quotes/roger-ver/if-the-u-s-government-tries-to-restrict-or-clamp-down-that-just-means/) [Roger Ver](https://sms4smile.com/quotes/author/roger-ver/) > [What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really…](https://sms4smile.com/quotes/adam-draper/what-bitcoin-does-better-than-the-current-financial-system-is-it-s-a/) [Adam Draper](https://sms4smile.com/quotes/author/adam-draper/) > [You really want some natural way for people to get Bitcoins, as part of their paycheck or some other activity so they can turn…](https://sms4smile.com/quotes/gavin-andresen/you-really-want-some-natural-way-for-people-to-get-bitcoins-as-part/) [Gavin Andresen](https://sms4smile.com/quotes/author/gavin-andresen/) [Browse all 364 Bitcoin quotes ](https://sms4smile.com/quotes/about/bitcoin/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also recognize that this is a global phenomenon.", "creator": { "@type": "Person", "name": "Barry Silbert" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/barry-silbert/regulators-are-going-to-have-to-come-up-with-a-way-to-treat-bitcoin/", "about": { "@type": "Thing", "name": "Bitcoin" }, "@id": "https://sms4smile.com/quotes/barry-silbert/regulators-are-going-to-have-to-come-up-with-a-way-to-treat-bitcoin/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg", "contentUrl": "https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg", "url": "https://sms4smile.com/quotes/i/37f/barry-silbert-32865_bitcoin_regulators-are-going-to-have-to-come-up_2188669.jpg", "width": 1080, "height": 1080, "caption": "“Regulators are going to have to come up with a way to treat Bitcoin that is balanced and thoughtful but also…” — Barry Silbert", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Barry Silbert", "item": "https://sms4smile.com/quotes/author/barry-silbert/" }, { "@type": "ListItem", "position": 4, "name": "Regulators are going to have to...", "item": "https://sms4smile.com/quotes/barry-silbert/regulators-are-going-to-have-to-come-up-with-a-way-to-treat-bitcoin/" } ], "@id": "https://sms4smile.com/quotes/barry-silbert/regulators-are-going-to-have-to-come-up-with-a-way-to-treat-bitcoin/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```