Cathie Wood: A Massive Crypto Bull Run Is On The Verge Of Occurring

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In this video, I cover why Cathie Wood believes that a massive crypto bull run is on the way.

Link to interview: https://www.youtube.com/watch?v=4M_fN1ZeGJ4

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Disclaimer: I am not a financial advisor and the content in this video should not be taken as financial advice. Always do your own due diligence and act based on your own research.

Over the past few weeks, we’ve seen the crypto market, which tends to already have a lot of movement in comparison to stocks, experience tremendous amounts of volatility. Shortly after the crypto market reached all-time highs, we witnessed bitcoin fall below $30,000 due to Elon Musk stating his concerns on its energy usage, the dogecoin drama, and the exponential rise of altcoins. Yet, while these events were quite significant, and was one of the first major correction we’ve seen in the crypto market in a while, Cathie Wood, the CEO and CIO of Ark Invest, believes that in the long run, these events are just tiny price movements in a larger trend. In this video, I’ll cover why Cathie Wood believes that a massive crypto bull run is imminent and whether investors should take advantage of Bitcoin’s lower price level despite the energy concerns. Welcome to Casgains Academy. If you’re new to the channel, please consider subscribing for more content like this, and let’s get right into it.
As some of you already know, Elon Musk stopped Tesla from accepting payments in Bitcoin due to a spike in the energy usage of Bitcoin. However, while Elon does see Bitcoin as inefficient for a medium of exchange, he is still holding bitcoin, likely as a store of value. Most recently, Cathie Wood responded to the energy concerns about Bitcoin by explaining why she thinks that renewable energy is going to settle these concerns.

Post Author: CoinCryptoNews