Cathie Wood of Ark Invest just released her monthly market update and had very positive comments for the decentralised finance ecosystem.
Cathie pointed out that Defi and the crypto market performed excellently in the last 50% crash, which is something that the traditional financial market may not have been able to handle.
Defi and stablecoins are seeing incredible growth this year which is starting to impact the banks which are having to bring in emergency measures to slow down crypto adoption.
However, if people are able to get 7.5% on their savings in crypto, why would people keep money their money in the bank earning 0.1%?
We will be looking at:
0:00 – Introduction
1:18 – Cathie Wood Update
4:08 – The Defi & Stablecoin Boom
5:42 – Banks Are Getting Scared
8:21 – My Recent Bank Issue
9:11 – Illicit Activity Comparison
10:00 – Summary
Source:
https://www.youtube.com/watch?v=dw9YyvBMa_g&ab_channel=ARKInvest
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Links included in this description might be affiliate links. If you purchase a product or service with the links that I provide, I may receive a small commission. There is no charge to you! This channel is for education purposes only. You should seek investment advice from a registered professional before making any investment decision. This channel is not responsible for any investment actions taken by viewers.
#CathieWood #Crypto #Defi
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