Cathie Wood, the founder and CEO of ARK Investments, evaluated the global and crypto money markets in a program she attended on YouTube.
Cathie Wood, founder of ARK Investments, was a guest on the What Bitcoin Did podcast on YouTube. During this podcast, she commented on the Fed’s decisions and what impact they might have on both global markets and the cryptocurrency market.
Cathie Wood, CEO of ARK Investments Evaluates the Market
Founded by Cathie Wood in 2014, ARK Investments has been offering growth-oriented funds to its users since its establishment. The company, which includes cryptocurrencies in its funds, is facing its users with long-term growth-oriented funds.
Cathie Wood, who made evaluations about the market in her YouTube podcast, said that she thought the Fed made a mistake during this period. Wood, who wrote an open letter to the Fed on rate hike decisions, did not believe that these decisions could come out.
High interest rates make fixed income more attractive to investors, according to Wood. For this reason, investors are turning to other investment tools by withdrawing their money from global markets and crypto money exchanges, which are more volatile than global markets.
However, citing anecdotes from a research they conducted at ARK Invest in the long term, Wood said that they predicted a Bitcoin price to be 1 million dollars in 2030.
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