Cathie Wood Sticks with Crypto

• Overview: Cathie Wood, the CEO of asset management firm Ark Invest, remains confident in her crypto investments and praises Bitcoin (BTC) and Ethereum (ETH) as decentralized blockchains.
• Three revolutions: According to Wood, there are three revolutions that are being fuelled by the rise of crypto – money revolution, financial services revolution and digital property rights revolution.
• Opaque vs Transparent: Wood contrasted those firms that went under during the crypto market downturn last year with the resilient blockchain networks which remain transparent and decentralized.

Background Information on Cathie Wood

Cathie Wood is a popular tech-focused fund manager and CEO of asset management firm Ark Invest. She has been investing in cryptocurrencies for some time now and is one of the most vocal supporters in the space.

Wood Praises Decentralized Blockchains

Speaking with CNBC this week, she praised Bitcoin in particular for being the most decentralized and transparent blockchain in the crypto space. She compared it to other blockchains such as FTX where its founder Sam Bankman-Fried preferred them over Bitcoin because he couldn’t control it due to it’s decentralized nature.

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