Cathie Wood Bitcoin – We Have NEVER SEEN This Opportunity
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In this video, Cathie Wood clarifies why the crypto ecosystem is witnessing more converts. She also sheds light on the nature of blockchain and the reasons for establishing Ark Invest.
Here is the summary of the interview:
John Paulson is one of those who view cryptos as worthless. He has been a gold bug for most of his career. Likewise, many investors who have spent their careers focused on gold cannot understand the digital concept associated with gold. People fail to realize that Bitcoin is more than just a store of value or digital gold. Bitcoin is a new global monetary system. It’s a rule-based monetary policy that is decentralized and not subject to the whims of policymakers. It is a hedge against the whims of policymakers, especially in emerging markets.
We’re also seeing the DeFi movement and Decentralized Financing which is taking the friction out of a lot of financial services and eliminating the middlemen. Some of the anti-cryptos like Stanley Druckenmiller, who thought Bitcoin was a Ponzi scheme, have converted. The reason is that they’ve realized that blockchain is putting into place via the internet, the payment ecosystem that wasn’t put in place in the early days of the internet because it was never conceived with commerce in mind.
The internet was primarily made for defense and intelligence departments, academics, and information exchange, and not for commerce. When you fill in the gap with blockchain technology, you’re bringing in a more efficient way of doing commerce.
About regulating crypto, Know Your Customer (KYC) is good for the ecosystem. However, what’s confusing from the regulatory point of view is the different definition each regulator gives the crypto. While the SEC says Bitcoin isn’t a security, the IRS says it’s a property while the CFTC says it’s more of a commodity.
Ark Invest was established to focus exclusively on disruptive innovation. And it has had five major innovation platforms involving 14 different technologies.
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Credit: Yahoo Finance (Full unedited video)
We couldn’t be further from’ a market bubble: Cathie Wood
Welcome to “Savvy Finance 🤝
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We create and share videos about investments and how best you can put your money to use, in order to bring in more money. We love cryptocurrencies and the stock market and so, we share a lot of crypto and stock market videos,, including bitcoin, ethereum, Cardano ADA, and other altcoins. 🗠
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