Cathie Wood: Bitcoin and Ethereum COLLAPSE Is Here! Is Crypto Bear Market Over?
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Bitcoin and Ethereum, along with the rest of the crypto market has continued to be crushed week after week since seemingly the beginning of the year. In fact, it has been so bad that Bitcoin broke a record for consecutive price declines, with 9 weeks in a row of lower prices.
This has never happened before in the entire history of BTC. In her latest interview, Cathie Wood, who has been notoriously bullish on both Bitcoin and Ethereum, explains her thoughts on what is going on and if investors have cause to panic.
She also explains a support level that SHE and her analysts at ARK invest are keeping a close eye on. Make sure to stick around to the end of the video where I will cover some of the latest on-chain Bitcoin data to see what holders have been doing with the recent price declines.
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world’s largest actively traded ETF that focuses on disruptive technologies.
Cathie Wood has made her fortunes from being right when others are wrong. Tesla, Amazon, Square to name a few. So what is going on here? How can Cathie Wood be so Bullish on Bitcoin yet be convinced that we are going to see a deflationary crash as opposed to inflation. In this video, we will go over how Cathie Wood things everyone is wrong, why she thinks Deflation is coming and HOW she can remain so Bullish on Bitcoin with a 500K price prediction, if she doesn’t expect inflation.
To watch the full un-edited briefing on ARK’s Channel check it out here:
Original Post Date: June 4, 2022
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