“Crypto Will EXPLODE In 2023, Here’s Why” Cathie Wood Latest Crypto Prediction
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Contrarian investor and ARK invest CEO Cathie Wood in her latest interview gives her take on the Banking crisis currently affecting Credit Suisse, first republic, silicone valley bank and Silver gate.
Being one of the first institutional investors to publicly cover and invest into bitcoin and ethereum, cathie was extremely fast to point out that the current crisis going on in the banking sector only shines a light on the positives of cryptocurrency.
Despite 2022 seeing far worse failures from crucial actors in the cryptocurrency space, such as FTX, Terra Luna, Celsius and BlockFi, the underlying infrastructure and block chain transactions never once faltered or skipped a beat. this is a far cry away from the banking system in which the GOVERNmEnT is needed to step in and backstop banks just so depositors can even have access to their money.
Make sure to stick around to the end of the video where Cathie breaks down why she believes everyone in the finance world has got it wrong and what we are about to see play out is DEFLATION and a swift FED pivot as opposed to inflation and further tightening – a call she has been making for months now.
CREDITS: Web Summit 2022 | Day One
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