Catherine wood: "Cryptocurrencies unexpectedly became a protective asset during the banking crisis" – Bits Media

The CEO of the Investment Fund Ark Invest said, that during the current banking crisis in the United States, cryptocurrencies began to be perceived not as a risky asset, And how protective.

According to Catherine Wood (Cathie Wood), Wine for the collapse of Silicon Valley Bank, Signature and Silvergate are completely on the federal reserve system of the United States and the policy of other regulators. Wood criticized the inability of the Fed to prevent the collapse of banks, Despite the presence of all signs. The businessman said, that another culprit of this banking crisis was the lack of investment capital.

“I am strange, that banks and regulators did not convince Federal Reserve of the reality of an impending catastrophe. This is not cryptocurrencies forced SVB and Signature to go bankrupt. The main reason was the policy of the Fed, Improving bets and lack of venture financing. Bank customers just took their money ", - Wood complains.

ARK Invest General Director notes, that after the collapse of FTX, American regulators are observing intently, Hardly responding to any violations in the cryptocurrency industry. However, this does not prevent the regulators from blaming all the occurrence of cryptocurrencies. The industry is used simply as a scapegoat, Voodu convinced.

Just yesterday, 15 Martha, Wood wrote, What decentralized crypto, like bitcoin and ether, Banking crises are not terrible. On the contrary, The main digital assets continue to grow in price.