by The bankruptcy of the virtual currency exchange FTX has caused turmoil in the cryptocurrency market, but Cathie Wood, the founder of Ark Investment, known as “Lian Dengzi Qima”, still cast a vote of confidence in the virtual currency. Citing foreign reports, Cathie Wood expressed her bullishness on Bitcoin and continued to expect Bitcoin to see a forecast of $1 million by 2030.
In response to the cold winter in the currency circle, Cathie Wood pointed out that “sometimes you need to face trials and survive crises before you can see who will survive.” She admitted that the bankruptcy of FTX may deepen the pessimism of the market, but at the same time, it can test the infrastructure of the currency circle and allow investors to deepen their understanding of encrypted assets, pointing out that “once institutional investors do their homework, they will be more willing to invest in Bitcoin or Ethereum. “
Wood has recently increased his investment in cryptocurrency-related companies or funds, adding $53 million in November and buying more Grayscale Bitcoin trust funds.
source:business insider
Image Source:business insider
