In an interview with Yahoo Finance, investment expert Cathie Wood said she believes the cryptocurrency market is not a bubble. The future of these digital assets is bright.
Cathie Wood, CEO of Ark Invest, suggested that the cryptocurrency market is not yet in a bubble phase. During an interview on Yahoo Finance, she claimed that The future of digital assets is bright, and she assures that people will eventually see this and enter the market to take advantage of these great opportunities.
Bitcoin is a brand-new global monetary system that is entirely decentralized and unaffected by policymakers’ whims.Wood Said.
Wood also discussed his investments in Coinbase and Robinhood, two of the most prominent regulated cryptocurrency exchanges in the United States. Wood believes that Robinhood’s transition to cryptocurrency has been highly beneficial to its business model. They do not anticipate any adverse changes for customers shortly as the SEC investigates.
Cathie Wood does not consider herself a cyberpunk. She is not opposed to the current financial system. It advocates for strict regulation to ensure cryptocurrency adoption grows at the global level.
The number of regulations affecting the cryptocurrency industry in the United States makes it difficult for them to operate. The House of Representatives passed a new bill to improve infrastructure, and it now goes before the Senate. It can make it hard for miners, software developers, and people who design cryptocurrency wallets to work.