ARK Invests Cathie Wood Says Crypto Is Going To Work in the Long Run Heres Why

Cathie Wood, founder of ARK Invest, is optimistic about the prosperity of cryptocurrencies amid concerns about a systematic collapse of the industry.

Wood in a new episode of the In the Know podcast To tell Cryptocurrencies have been relatively quiet over the past few days, so the digital asset market is in a better position than it was a few weeks ago.

“I say I’m feeling much better about what’s happening in the crypto world right now. You’ll see our Bitcoin Monthly, I’m neutral to positive. We are waiting for some more surrender signals, and of course, time will tell you on a systemic side here. I haven’t heard of another stress signal in the last few days. So that’s also good. ”

She also states that the current market downturn guarantees a long-term outlook for the crypto industry, emphasizing that crypto market transparency can have a significant impact on traditional financial markets. ..

“What happened in the crypto market makes you feel why it works. [in the] Long run. It’s transparent, and because of its transparency and over-collateral than I think it’s in traditional financial markets, it’s much more credible in the crypto ecosystem, And when wondering why CDS (credit default swaps) are rising at these banks. I’m wondering about the range of yields and how some of these situations are being leveraged. Also, I don’t know where they are hiding, so that’s all.

It’s as if the crypto market has warned that the reach of this yield has gone too far, too much overrun, and too much leverage around it. Hedge funds utilize 10 to 1 when the yield is 2% and aim for a return. There may be some problems there, and we will find. “

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Featured images: Shutterstock / T Studio / Natalia Siiatovskaia