Immaculate Bitcoin, despite FTX? – The cryptosphere is still extinguishing and containing the flames caused by the explosion of FTX and the fall of Sam Bankman-Fried’s empire. Yet, in this desolate landscape, some maintain an unshakeable faith in Bitcoin (BTC) and digital assets. This is the case of Cathie Woodthe CEO ofARK Investwhich also always shows confident in the future of the king of cryptos.
If FTX smells of fir, Bitcoin “smells of rose”
Far from being frightened by the situation caused by the descent into hell of FTXthe investment fund ARK Invest continued for the past few days to buyconscientiously, bitcoins. This, in the form of shares of Grayscale Bitcoin Trust (GBTC). These are established on real BTC, held by Coinbase Custody on behalf of Grayscale.
The leader of ARK Invest, Cathie Wood, recently gave an interview to the Bloomberg newspaper. She thus reiterated her confidence in Bitcoinas well as in Ethereum (ETH), emphasizing its sense of solidity in their technologies.
“Technology has not changed one iota throughout this crisis. In fact, the hashrate [ndlr : la puissance de calcul] on the Bitcoin network has never been higher. And that’s a real indication of network security. (….) We believe that the infrastructure works wonderfully. »
Cathie Wood, CEO of ARK Invest
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A 7-figure bitcoin in dollars in 7 to 8 years?
The founder of ARK Invest also thinks that Bitcoin will come out grown of this long crisis in the crypto market. A crisis that began with the fall of the stablecoin UST of Terra (LUNA), for conclude (maybe?) with FTX.
Thus, when the journalist asks her if her forecasts from one bitcoin to $1 million by 2030 are still relevant, Cathie Wood answers without hesitation ” Yes “ :
” Yes. You know, sometimes you need a battle test. You need to go through crises to see who the real ones are [projets], to see the survivors, first. But also to test in combat the infrastructure and the postulate [des projets]. And again, we think Bitcoin is coming out of all of this smelling like a rose. (…)”
Cathie Wood, CEO of ARK Invest
Cathie Wood also thinks and hopes that institutions “will understand better “, they too, qualities of Bitcoin and Ethereum in view of this crisis caused by FTX. And that these institutions will be more comfortable ” To advance “ in this area of digital assets, if they understand it better. Let us hope, with her, that these institutions are as constructive as El Salvadorwhich is studying a new pro-crypto bill.
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