Investor Cathie Wood On Bitcoin, Why She Sold Stocks In China, And What Her Firm Is Buying Now

with an estimated net worth of $400 million—told the panel, moderated by angel investor and entrepreneur Jason Calacanis at PreMoney, a conference put on by venture capital firm 500 Global in Miami Beach, Florida.In September, Wood predicted that the value of Bitcoin would rise to $500,000 in five years. She remains a staunch supporter of Bitcoin, despite some in the crypto world losing their affinity for it.

Calacanis followed up: “Most tech doesn’t last more than a decade. Why would Bitcoin last any longer than that?” Wood answered: “This is the most secure blockchain technology out there. What’s going on right now would have been [Nobel Prize winning economist] Robert Mundell’s dream: to introduce a global monetary system not under anyone’s control.” She elaborated: “Look at Turkey. The Turkish people have lost half their purchasing power since February.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Is The Era Of Stay-At-Home Stocks Over? Here’s Why Zoom, Peloton And Others Have Slumped In 2021Some of the pandemic’s hottest stocks have undergone brutal sell-offs this year.
Source: Forbes - 🏆 394. / 53 Read more »