The glass half full. Cathie Wood has definitely been talked about a lot lately. Between its investments in Coinbasehis Bitcoin ETFs and his statements all too bullish one than the other, it becomes unavoidable in the news. However, some thought they saw in the recent stock sale CORNER, an admission of weakness and the beginning of renunciation. But nay! The lady is straight in her boots and brushes it all off with the back of her hand.
Yes, she is always very optimistic on cryptos. Yes, she sees Bitcoin reaching highs. And yes, the recent US court ruling in favor of Ripple is obviously a very positive sign of the times. Put yourself in the shade with a cold drink, and enjoy 48 hours of declarations by Cathie Wood… To be consumed without moderation!
Coinbase and Binance: the big winners of the Ripple affair?
To say Mrs. Wood is optimistic is definitely an understatement. However, this is also a matter of lack of respect, because she is not there to amuse the gallery. A graduate of the University of California, she went through major financial houses before founding her own company called ARK Invest. Also hailed by Forbes magazine in 2020, Cathie Wood knows what she is doing and she has a clear idea of where she is going.
Moreover, when she sells 478,356 shares for more $50 millionthat’s not a panic sellbut simply profits to take and funds to reallocate. Next question.
When it comes to giving your opinion on the court ruling regarding Rippleshe thinks twice before delivering her analysis of things and remains measured in her statements:
“Even if the decision is not completely in favor of Ripple, it is overall quite positive for crypto exchanges. Indeed, it could set a favorable precedent for Coinbase and Binance in their upcoming legal battle against the regulator. »
Moreover, despite repeated attacks from the SEC, thecoinbase stock didn’t unscrew that much. And for her it’s a sign of resistance manifest.
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Bitcoin at $1.5 million in a best-case scenario
But as much as she can remain factual most of the time, she can sometimes clash in her words. And that’s what happened in a intervention on American television on July 17, where Cathie Wood let himself go some secrets at least bullish.
She thus gave a price range that Bitcoin could reach in the coming years and you are not ready to hear it. For her, in the worst-case scenario, Bitcoin would reach “only” $625,000 and, in the best case, he could flirt with 1.5 million of dollars. To explain such predictions, she uses the last banking crisis in March, which saw massive withdrawals of liquidity from banks in difficulty.
Meanwhile, the king of cryptos did not flinch. For her, no doubt, bitcoin is protection. Against what ? Here is his response:
“Bitcoin is an insurance policy against two things. First, against the confiscation of your money, either directly or through inflation. But also against the risk of counterparty default. »
Cathie Wood joined thus the big family of those who see Bitcoin breaking the ceiling in the future, like the winklevoss brothers or more recently Tim Draper. So, Coué method to reinforce your choices or brilliant intuition(s)? It’s up to you to make up your own mind!
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