Cathie Wood believes crypto will come back stronger: 'There's a lot more trust'
ARK Investment Management, founder and crypto believer, Cathie Wood, says that she remains quite optimistic about the crypto world.
During the latest "In the Know" podcast, Wood talked about the volatility in the crypto market and the future of the industry. Wood said, "You'll see our $Bitcoin(BTC.CC)$ monthly; I would say we're neutral to positive. We're waiting for a few more capitulation signals, and, of course, time will tell on the systemic side here."
She said that the transparency of the crypto market could significantly impact traditional financial markets.
What's happened in the crypto market gives you a sense of why it will work [in the] long run. It's transparent, and there's a lot more trust in the crypto ecosystem because of the transparency and the over-collateralization than I think there is in the traditional financial markets."
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