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.

Worst investor ever lol

I too sold all my Chinese stocks. Never buying it again!

Bitcoin CME futures are at $50K, spot $49K, I think this gap will close. Let's be calm so that those who are caught asleep do not look at the screen for a while. Ethb_12 is a super underrated bitcoiner I’ve been taking her tweets and tips & I’ve been superb Follow her

There will be a massive blow off top to $5T total market cap for BTC followed by an -80% bear market The bear market low will happen right around $1T, $40-$60k BTC , y’all should follow _mout33 to tag along He’s a super underrated Bitcoiner, who has great tips & TA on crypto

Buy NIKOLA

Bitcoin is about to get back over $50,000. These dips are getting bought up quick Smart money keeps stables on the side for dips like these Taking profits a few days ago getting coin at a 20% discount Y’all follow btcblab she has great tips and tweet and predictions to note

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Investor Cathie Wood On Bitcoin, Why She Sold Stocks In China, And What Her Firm Is Buying NowI'm a San Francisco-based Assistant Managing Editor with a focus on the world's richest people. I oversee the massive reporting effort that goes into Forbes' annual World's Billionaires list and The Forbes 400 Richest Americans list. The former gets me to use my rusty Spanish and Portuguese. In 2014, I won an Overseas Press Club award for an article I wrote about Saudi Arabian billionaire investor Prince Alwaleed bin Talal; I also won a Gerald Loeb Award with co-author Rafael Marques de Morais for an article we wrote about Isabel dos Santos, the eldest daughter of Angola's former president. Over more than two decades, reporting for Forbes has taken me to 17 countries on four continents, from the streets of Manila to palaces in Saudi Arabia and Mexico's presidential residence. Follow me on Twitter KerryDolan My email: kdolan[at]forbes[dot] com Tips and story ideas welcome.
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