Catherine wood: “The fall of the markets is caused by the trend for the ecology and tweets of Ilon Mask” - Bits Media

According to Catherine Wood, Elon Musk and the green mining movement are behind the current decline in markets. However, the cryptocurrency industry retains great potential.

The founder of Ark Investment Management considers, that bitcoin, which over the past few Lost weeks
almost 50% value, was under pressure from institutional investors, concerned with the environmental consequences of mining.

“This fall was triggered by ESG [Environmental, Social and corporate administration] And his agenda, which was strengthened by Ilon Mask (Elon Musk) In relation to that, that there are real environmental problems with BTC mining. Many institutional purchases were suspended ", – The founder of Ark Investment said.

I'm Moscow, Which has repeatedly provoked
Changes in prices in cryptocurrency markets with their statements, Recently stated, that Tesla suspenses the receipt of payments in BTC due to the concern of the environmental consequences of BTC mining.

“To Ilon, probably, Some large companies turned ", – Wood said. "I noticed, that BlackRock is the third largest shareholder Tesla, And Larry Fink (Larry Fink) – CEO. It is focused on ESG and especially on climate change. I'm sure, that BlackRock recorded complaints, and, perhaps, There are very large investors in Europe, which are sensitive to such problems ".

Wood is still confident in the future of Bitcoin, which she described as the first “global currency system in the world” based on the rules. She recently stated, that bitcoin will grow to $500 000. In her last speech, Wood predicted, that central banks will begin to buy crypto acts and that Musk will have a positive effect on bitcoin in the long run, Having improved its ecological profile.

“He encouraged discussion and analytical thinking. I really believe, that it will become part of this process ", – She said.

Wood also predicts a “significant” drop in exchange prices and then, that artificial intelligence and blockchain will help reduce business costs. it, in its turn, It can push some regulators in developing markets or even in the eurozone to the transition to money with high purchasing power, Including BTC.

“In developing markets, If the prices for exchange products fall, Their currencies will be under pressure ", – She said. “I will not be surprised, If some of these central banks of developing markets begin to purchase bitcoins…».

According to Catherine Wood, The governments have already understood, that innovation is the key to long -term growth and that technology, Be it cryptocurrencies and the Internet before them, You can’t stop it. She said, that Bitcoin has already established itself as a tool for preserving capital and a way to protect against confiscation of wealth. She said, that after the introduction of decisions of the second level, eg, Lightning Network, He has the potential to become a calculated network.

“We were intrigued by stabilcoins, decentralized finances and non -replaced tokens. We are very interested in that, so that the developers switch to Ethereum as quickly as possible. I always say to our analysts: “Follow the developers, Let's see, what they do ". Because it is a very loud signal ", – Wood said.

Wood said, that the activity of Ilona Mask will help miners BTC to "landscap" industry. Recall, that recently North American miners have created
Bitcoin Mining Council, To promote the use of energy, meet the requirements of sustainable development, and transparency in the industry. The initiators of the creation of Bitcoin Mining Council were Ilon Musk and Microstratrate General Michael Seilor (Michael Saylor).