Bitcoin took a slight hit this weekend, because it traded beneath the $70,000 mark, buying and selling for $68,131. Though Bitcoin fell beneath $70,000, it’s nonetheless solely down half a % prior to now 7 days. None of those minuscule features or losses imply a lot in the long term, in response to Investor Cathie Wooden. In an interview with Schwab Community, Cathie defined that her publicity to Bitcoin is as a result of she firmly believes that is the muse of the brand new monetary world we’re heading towards. Cathie drew comparisons to the web within the 90s, the place the builders didn’t perceive simply how immense and widespread the web would grow to be. Cathie has heavy publicity to Bitcoin by means of her ETF, by means of her funds with shares comparable to Coinbase and Block, and her personal private holdings. In a contentious and considerably combative interview, Wooden defined why she believes Bitcoin is a superior asset to gold and why we must always take into account Bitcoin, uniquely a danger and risk-off asset, not like anything. Cathie additionally talked about the place she sees the whole lot going with AI and the way that is similar to the 90s web revolution. Let’s take heed to what Cathie has to say.
To look at the complete interview:
https://youtu.be/zSluD4XMBSQ?si=ynqp9uIvzASypLpC
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