Speaking at Consensus 2024, Cathie Wood chimed in on her crypto preferences, indicating a partiality to Bitcoin. During a panel discussion at Consensus 2024, Cathie Wood , CEO of ARK Invest , made her stance clear, expressing strong support for Bitcoin ( BTC ) over all other coins. “It is a big idea and unstoppable,” Wood said of Bitcoin, “There’s no throat to choke.
When Facebook launched Libra, there was a throat to choke, but there’s no such vulnerability with Bitcoin.” Wood argued that no other crypto comes close to Bitcoin’s potential and significance. She addressed the importance of maintaining Bitcoin’s principles, like decentralization and self-custody.
“The heat is on because Bitcoin is a new asset class. It’s a monetary system, but it also represents a new asset class,” Wood said at the conference in reference to the recent spot Bitcoin ETF approval. Cathie Wood on the spot ethereum ETF Wood called the recent spot Ethereum ETF approval “shocking” and credited the ETF’s quick and seamless approval with pro-crypto momentum in the U.
S. government. “The read was that [the ETF] was not going to be approved.
It was absolutely not going to be approved,” Wood said. Wood referenced the passing of FIT21 and Former President Donald Trump’s “coziness” to crypto, indicating that cryptocurrency policy is an election issue. “We were sure it was going to be denied,” Wood said.
Cryptocurrency’s emergence as a significant election issue in .
