Without a major crisis, there are no great opportunities. For Cathie Wood, the crises we’re enduring today create buying opportunities.
Founder and chief executive of Ark Investment Management joined a virtual interview with Bloomberg on Wednesday, in which she shared her perspectives on the electronic currency after a series of scandalous events shook the entire market.
Bitcoin to the Moon Says Wood
Wood’s faith in crypto is unshakeable despite the aggravated market conditions.
The respected investor stated, “the infrastructure is working beautifully,” given the fact that Bitcoin’s hashrate hit an all-time high earlier this month while Ethereum’s total value staked also skyrocketed.
The crisis itself is a destructive process. But destruction can emerge incredible opportunities. Wood went on to state, “Sometimes you need to battle test, you need to go through crises to see the survivors first of all.”
Ark Invest’s…
