© Reuters
Investing.com – Despite a disastrous 2022, and as the cryptocurrency rebound stalled in recent weeks after a strong start to the year, celebrity manager Cathie Wood, managing director of ARK Invest, reiterated her positive view on the assets numbers, quoting and .
Speaking to CNBC, Wood wanted to make a clear difference between BTC and most other cryptos, pointing out that Bitcoin’s network is “completely decentralized and transparent,” while bankrupt cryptocurrency firms FTX, Celsius and Three Arrows were “completely opaque and centralized”. “It is the societies that have sunk,” she added.
Wood also considered that the led a “monetary revolution”. Regarding Ethereum (ETH), she felt that it paved the way for a “revolution” in financial services.
She also addressed the subject web3, which designates the next generation of potential fully decentralized Internet. According to her, this will lead to a “third revolution” in digital property rights.
“I know that the best way to lift people and countries out of poverty is to give them immutable property rights. And we believe that the third revolution is to bring digital property rights into this new world,” said said Mr. Wood.
Finally, remember that in a January report, ARK Invest predicted that bitcoin would reach almost $1.5 million by 2030.