Catherine Wood: DeFi WILL GET A BOOST FROM THE CRISIS

The director of ARK Invest claims that the ex-CEO of FTX was an opponent of Bitcoin because of its decentralized nature. Catherine Wood explains that Bitcoin did not slow down during the crisis, provoked by opaque centralized players, and Sam Bankerman-Fried did not like it: "Bankman-Fried does not like Bitcoin because it is transparent and decentralized, and he could not control it."

Despite the crisis of large companies, the CEO of ARK Invest is optimistic about the cryptocurrency market:

We believe that DeFi will get a boost from the crisis, because now it is obvious that investors will choose a decentralized and transparent path.

said Catherine Wood

The crypto-enthusiast radiates positive: decentralized financial systems publish their indicators, which say that DeFi are developing effectively. Thanks to the crisis, investors have learned how important fully transparent decentralized networks are for the future of financial services. Wood noted that unlike DeFi, Celsius and 3AC were closed opaque networks. Therefore, investors could not see what was happening to their assets. 

When centralized crypto companies went bankrupt, investors who invested money in transparent distributed networks were able to withdraw their assets in time. They saw what was happening. Even those who used a large margin leverage were able to survive," said the head of ARK Invest.

said Catherine Wood

Ark Invest, after a long break, bought Bitcoin Trust shares again in November. The purchase cost $2.8 million and demonstrated to the market the positive expectations of the portfolio investor.


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