{"id":31582,"date":"2024-05-30T04:49:32","date_gmt":"2024-05-30T04:49:32","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cathie-wood-champions-bitcoin-at-consensus-2024\/"},"modified":"2024-05-30T04:49:32","modified_gmt":"2024-05-30T04:49:32","slug":"cathie-wood-champions-bitcoin-at-consensus-2024","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cathie-wood-champions-bitcoin-at-consensus-2024\/","title":{"rendered":"Cathie Wood Champions Bitcoin at Consensus 2024"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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During Consensus 2024, ARK Invest CEO Cathie Wood voiced her unwavering support for Bitcoin (BTC) over all other cryptocurrencies. Wood praised Bitcoin\u2019s resilience and uniqueness, stating, \u201cIt is a big idea and unstoppable. There\u2019s no throat to choke. When Facebook launched Libra, there was a throat to choke, but there\u2019s no such vulnerability with Bitcoin.\u201d<\/em><\/p>\n

She argued that Bitcoin\u2019s potential and significance surpass all other cryptocurrencies, emphasizing the importance of its core principles like decentralization and self-custody. \u201cThe heat is on because Bitcoin is a new asset class. It\u2019s a monetary system, but it also represents a new asset class,\u201d<\/em> Wood remarked, referencing the recent spot Bitcoin ETF approval.<\/p>\n

The Role of Regulation and Policy<\/h2>\n

Wood found the recent approval of a spot Ethereum ETF surprising, attributing its swift approval to growing pro-crypto sentiment in the U.S. government. \u201cThe read was that [the ETF] was not going to be approved. It was absolutely not going to be approved,\u201d<\/em> she said.<\/p>\n

She also noted the impact of legislative actions like FIT21<\/a> and Former President Donald Trump\u2019s favorable stance on crypto, indicating that cryptocurrency policy is becoming an election issue. \u201cWe were sure it was going to be denied,\u201d<\/em> Wood added.<\/p>\n

Wood believes cryptocurrency\u2019s rise as a major election topic is forcing candidates and legislators to clarify their regulatory positions, potentially influencing the future of finance and technology.<\/p>\n

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Addressing the Federal Reserve, Wood expressed that it should be significantly scaled back in favor of market-driven forces. \u201cIt is time to dial it down dramatically and let market forces prevail,\u201d<\/em> she stated.<\/p>\n

Wood criticized the Federal Reserve\u2019s outdated monetary policies, suggesting that they are out of step with the global financial landscape dominated by assets like Bitcoin.<\/p>\n

Bitcoin vs. Ethereum<\/h3>\n

When asked if she had to choose between investing in Bitcoin or Ethereum (ETH), Wood unequivocally chose Bitcoin. \u201cBitcoin, hands down. No question,\u201d she affirmed. She highlighted Bitcoin\u2019s widespread usability and global monetary value over other cryptocurrencies.<\/p>\n

Ark\u2019s conservative price target for Bitcoin assumes it will capture over 3% of the global money supply outside the major economies of the US, UK, Japan, and Europe. Wood expressed confidence in this forecast.<\/p>\n

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She also praised El Salvador\u2019s adoption of Bitcoin, reinforcing her optimistic outlook on the cryptocurrency.<\/p>\n<\/p><\/div>\n

Source link <\/a>
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(Originally posted on : Crypto News – iGaming.org ) During Consensus 2024, ARK Invest CEO Cathie Wood voiced her unwavering support for Bitcoin (BTC) over all other cryptocurrencies. Wood praised Bitcoin\u2019s resilience and uniqueness, stating, \u201cIt is a big idea and unstoppable. There\u2019s no throat to choke. When Facebook launched Libra, there was a throat […]<\/p>\n","protected":false},"author":34,"featured_media":31583,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31582"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31582"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31582\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31583"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}