The SEC dike about to give way? It’s undeniable, Cathie Wood East very bullish on Bitcoin and the crypto-asset sector. The founder of the fund ARK Invest is not only convinced that the BTC price will reach widely the 6 digits in dollarsbut it could even reach the symbolic 7 digits (the million). In his eyes, alone Gary Genslerpresident of the DRY (Securities and Exchange Commission) is still desperately trying to block the route to the unstoppable king of cryptos.
A torrent of money ready to flow into Bitcoin and the cryptosphere, according to Cathie Wood
In two recent interviews, Cathie Wood expressed his thoughts regarding the approval of a Bitcoin Spot ETF over there Securities and Exchange Commission. According to the director of ARK Invest, the Commission itself (as a whole) would not be not so hostile than that to Bitcoin and cryptocurrencies.
In an exchange granted to the channel CNBC, Cathie Wood even explains that she thinks that the SEC begins to to understand the issues, and above all the potential and benefits, around crypto-assets and their technologies:
“Our partner 21Shares in Europe responded or sent information in response to the SEC’s questions. (…) And what we see here is a small change in the behavior of the SEC. (…) The Commission is starting to ask questions, and we have provided five pages of answers to these questions with our partner. We can therefore say that we have progressed. (…) When they see the SEC seal of approval, I think it will ultimately spark institutional interest in Bitcoin. »
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Gary Gensler leads his “personal Vietnam” against cryptos
In another recent interview with the podcast Coin Stories by Natalie Brunell, the CEO of ARK Invest gives figures that are still as optimistic (the word is weak) for Bitcoin. So, seeing a BTC at “$600,000”or even “1 million dollars” seems possible to him in the coming years (on the horizon “2030”).
But however, a stick in the reactors of this Bitcoin rocket blocked still the latter on the ground, according to Cathie Wood. This is the president of the SEC, Gary Gensler, well known for his aggressiveness towards cryptocurrencies.
“For me, the problem is – even though SEC teams know a lot [sur les cryptos]and they are as good as I think they are – it was much more Gary Gensler who got in the way. I’m not sure, because they could never say such a thing. (…) I just know, from the discussions we’ve had with them about Bitcoin, that they really understand it, and they understand the merits of it. (…) I think Gary Gensler’s personal Vietnam is haunting him. I think that [le reste de] the SEC is changing its mind. »
Cathie Wood concludes that not only will the Securities Commission eventually move past Gary Gensler to approve a first ETF spot of Bitcoinbut also that the SEC “will probably approve of a group” of these exchange traded funds on the king of cryptos. In any case, as also said Larry FinkCEO of BlackRock (also awaiting a response from the SEC), there is “a global need and desire for a Bitcoin spot ETF”.
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