“This Drama SHAKES Entire Crypto Market!” | Cathie Wood Crypto (WATCH SEE)
It’s well known that contrarian investor, Cathie Wood, has been a long-time advocate and investor in Bitcoin and other cryptocurrencies. For those that haven’t seen it, she has a base case, $1 Million dollar price prediction for Bitcoin by 2030. However, when she saw Balaji sree-nee-vaa-saan’s prediction for a $1 million dollar Bitcoin price in the next 90 days, even she was shocked.
In the latest interview by ARK invest, Kathy joined Balaji in their thoughts on Bitcoin and their optimism for the digital asset. Interestingly, Cathy and Balaji actually have completely opposing viewpoints, but arrive at the same inevitable outcome. Cathy and ARK invest believe that DEFLATION and counterparty risk is going to play out over the course of 2023, which will both accrue to Bitcoin’s benefit. She points out that Bitcoin acts as an insurance policy and a flight to safety against confiscation of wealth, which has been demonstrated time and time again over the last 2 years.
On the other hand, Balaji believes that Bitcoin will reach $1 million dollars, due to inevitable hyperinflation caused by a loss of faith in the traditional banking system. This loss of faith has historically led to the hyperinflation of every fiat currency in the history of earth. He argues that Bitcoin and other cryptocurrencies offer a solution to the weaknesses of the traditional financial system.Overall, no matter which extreme you take and whichever way you decide to slice the pie, the outcome is the same. Bitcoin becoming more valuable and the price going upwards.
Make sure to stick around to the end of the video where they discuss through the fragility of the banking system, the role of Bitcoin as a safe haven asset, and the potential for cryptocurrencies to provide more transparent, auditable, and decentralised financial services.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
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The crypto market has been through its ups and downs. However, the latest drama has shaken not only the crypto market but also the entire financial world. The controversy revolves around the statements of a well-known Wall Street investor and ARK Invest CEO, Cathie Wood.
Cathie Wood is a prominent figure in the world of investment, having made a name for herself by investing in disruptive technologies such as Tesla and Roku. She is now the latest voice to join the crypto craze. Her investment firm, ARK Invest, has been actively investing in cryptocurrencies since 2015 and was one of the first traditional investment firms to invest in Bitcoin.
However, in a recent interview, Cathie Wood surprised everyone by saying that Bitcoin’s energy consumption could be a major issue. She stated that her team has been looking into the environmental impact of Bitcoin mining, and the results are concerning. She hinted that ARK Invest could reconsider its Bitcoin strategy if the issue is not addressed.
This statement stirred up a frenzy in the crypto community, sparking debates about the environmental impact of Bitcoin mining. Bitcoin mining involves solving complex mathematical equations that require large amounts of energy. This process is done by powerful computers that consume a considerable amount of electricity. According to a recent report by the Cambridge Center for Alternative Finance, the energy consumption of Bitcoin mining is equivalent to that of a medium-sized country’s electricity consumption.
The debate around Bitcoin’s environmental impact is not new. However, the crypto community has always defended Bitcoin’s energy consumption, arguing that it is not as bad as fossil fuels and that it provides a valuable service to society.
Despite the controversy, it is undeniable that Cathie Wood’s statements have shaken the crypto market. The market has already shown signs of a decline, and the price of Bitcoin has dropped by several thousand dollars as a result.
Some experts believe that Cathie Wood’s statements are a sign of a larger trend in the financial world. Environmental, social, and governance (ESG) factors have become increasingly important for investors in recent years, and cryptocurrencies will not be an exception. Investment firms will increasingly look at the environmental impact of cryptocurrencies before investing in them.
In conclusion, Cathie Wood’s statements have sparked an intense debate about Bitcoin’s energy consumption and its impact on the environment. The controversy has caused a ripple effect in the crypto market, and it remains to be seen how this drama will play out. However, it is clear that ESG factors will play an increasingly important role in the crypto world, and investors should brace themselves for more scrutiny in the future.
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Bitcoin is not the answer, Kathy you are a fake
Please I need someone to help me trade or invest the market because I'm tired of trading in losses myself. I've blown my account more than once and it's so disheartening.
Most beginners believe that investing in crypto and stock is all about bolding till it rises, with the recent activities in the market and recession. We should know that long term price predictions are very difficult to achieve. It's better to trade short term and make profit.
Hello what’s the best way to get started with bitcoin investment cos I've been making my personal research for a while now?
It seems that they want the fiat system to implode.
I totally agree with what you are saying….The fact is, BTC is the future of crypto and the questions traders ask themselves now if this is right time to invest? before jumping into conclusion i think you should take a look at things first. for the past few days the price of BTC has been fluctuating which means the market is currently unstable and you cant tell if it is going bearish or bullish. while others still continue to trade without the fear of making lose, others are being patient. it all depends on the pattern with which you trade and also the source of your signals. i would say trading has been going smoothly for me, i started with 2.5 BTC and i have accumulated over 11.6 BTC in just three weeks, with the trading strategy given to me by expert trader Tyler Leo Calvin
Nice video. 99 Bitcoin is a well-known crypto trader who can help investors find profitable trade setups. With his expertise and knowledge of the market, he can identify trends and predict price movements to create successful trading strategies. By following his guidance, investors can potentially increase their profits and succeed in the world of cryptocurrency trading.
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16:51I HAVE INCURRED SO MUCH LOSSES TRADING ON MY OWN…I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED… CAN ANYONE HELP ME OUT OR AT LEAST TELL ME WHAT I'M DOING WRONG ?
Recording success in Cryptocurrency, Bitcoin is not just buying and holding till when bitcoin sky-rocks, this has been longed abolished by intelligent traders ,mostly now that bitcoin bull is still controlling the market However , it is best advice you find a working strategy hub/daily signals that works well in other to accumulate and grow a very strong portfolio ahead. I have been trading with Mr Bernie doran daily signals and strategy, on his platform, and his guidance makes trading less stressful and more profit despite the recent fluctuations. I was able to easily increase my portfolio in just 3weeks of trading with his daily signals, growing my 0.9 BTC to 2.9 BTC. Mr Bernie’s daily signals are very accurate and yields a great positive return on investment. I really enjoy trading with him and I'm still trading with him, Bitcoin is taking over the world
I'm new to crypto!. How can I make more profitable investment in crypto without incurring much losses?