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“We’ve Never Seen This Before in Bitcoin’s History” | Cathie Wood
In her monthly “In The Know” update, Cathie Wood had a bullish outlook for bitcoin, while her sentiment around the rest of the economy seemed bleek. Cathie covered 5 topics; monetary policy, fiscal policy, market signals, and innovation. Cathie believes the 10x interest rates by the federal reserve will throw us into a recession, like Japan. Cathie’s still believes the Fed is tightening too, and now they realize what they are doing might throw us into a recession. Although her beliefs overall on the economy weren’t bullish, Cathie’s thoughts on Bitcoin were. Although the flagship cryptocurrency is down 57% off its all time high, Cathie believes Ark Invests research and data points are showing volatility toward the upside for Bitcoin. Although she didn’t exactly point out when we can expect the upside, Cathie pointed out that short-term holders are getting capitulated and the diamond hands will benefit.
THIS INTERVIEW WAS POSTED ON JUNE 3, 2022
Listen to the full unedited interview here ⬇ [Credits] 🙏
Inventories & Deflation | ITK with Cathie Wood
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