great

Like
Comment
Favorite

Exette
2021-04-13

great

Bitcoin Could Be Today's 'Gold Standard,' Cathie Wood Tells Elon Musk

ARK Invest CEO Cathie Wood thinks thatBitcoin (CRYPTO: BTC) could be today’s “gold standard” and inc

Bitcoin Could Be Today's 'Gold Standard,' Cathie Wood Tells Elon Musk

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

Top
Latest

No comments yet

Most Discussed

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"magic":2,"id":342747018,"tweetId":"342747018","gmtCreate":1618247103134,"gmtModify":1704708156731,"author":{"id":3576328990446823,"idStr":"3576328990446823","authorId":3576328990446823,"authorIdStr":"3576328990446823","name":"Exette","avatar":"https://static.tigerbbs.com/47292853c2a8af3e660f428446a66aad","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":0,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>great</p></body></html>","htmlText":"<html><head></head><body><p>great</p></body></html>","text":"great","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/342747018","repostId":1175056752,"repostType":4,"repost":{"id":"1175056752","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1618240448,"share":"https://www.laohu8.com/m/news/1175056752?lang=&edition=full","pubTime":"2021-04-12 23:14","market":"us","language":"en","title":"Bitcoin Could Be Today's 'Gold Standard,' Cathie Wood Tells Elon Musk","url":"https://stock-news.laohu8.com/highlight/detail?id=1175056752","media":"Benzinga","summary":"ARK Invest CEO Cathie Wood thinks thatBitcoin (CRYPTO: BTC) could be today’s “gold standard” and inc","content":"<p>ARK Invest CEO Cathie Wood thinks that<b>Bitcoin</b>&nbsp;(CRYPTO: BTC) could be today’s “gold standard” and increase purchasing power.</p>\n<p><b>What Happened:</b>&nbsp;Wood’s recent comments were a part of her response to Elon Musk’s question about the current ratio of the S&amp;P market cap to GDP.</p>\n<p><img src=\"https://static.tigerbbs.com/6df025897d874034b2d58153f2d6e5c3\" tg-width=\"561\" tg-height=\"410\">“What do you think of the unusually high ratio of S&amp;P market cap to GDP?”<b>Tesla Inc</b>(NASDAQ:TSLA) CEO asked Wood on&nbsp;Twitter.</p>\n<p>Wood responded a few days later, saying she had a hypothesis about&nbsp;why this may be the case.</p>\n<p>“In the late 1800s and early 1900s – as telephone, electricity, and the automobile were emerging – the US equity market cap relative to GDP appears to have been 2-3 times higher than it is today,”&nbsp;she said.</p>\n<p>ARK Invest founder noted that these technology-enabled platforms are deflationary, thanks to learning curves, or Wrights Law, and the gold standard was in effect during this era.</p>\n<p>“As deflation pressured an increasingly difficult-to-measure nominal GDP (the denominator), exponential unit growth and rapid productivity gains increased the quality of earnings while low-interest rates boosted their capitalization (the numerator),” explained Wood.</p>\n<p>“The technologically-enabled innovation evolving today dwarfs that of the late 1800s/early 1900s: genomic sequencing, robotics, energy storage, artificial intelligence, and blockchain technology. Moreover, Bitcoin could be today’s “gold standard,”&nbsp;increasing purchasing power!”</p>\n<p><b>Why It Matters:</b>Wood is a known advocate of Bitcoin, and at the helm of ARK Invest, her bullish stance on the cryptocurrency is apparent.</p>\n<p>ARK is the largestholderof shares of the<b>Grayscale Bitcoin Trust</b>(OTCMKTS:&nbsp;GBTC), with over 8.5 million shares held.</p>\n<p>On a recentpodcastbreaking down ARK Invest’s Bid Ideas Report, Wood commented on Bitcoin’s market cap crossing a trillion-dollar milestone.</p>\n<p>“One trillion dollars is just half of what Apple is worth, and yet this is a global digital monetary ecosystem, and Bitcoin is the reserve currency of that ecosystem, and that is a very big idea,”&nbsp;she said.</p>\n<p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Could Be Today's 'Gold Standard,' Cathie Wood Tells Elon Musk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Could Be Today's 'Gold Standard,' Cathie Wood Tells Elon Musk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-04-12 23:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>ARK Invest CEO Cathie Wood thinks that<b>Bitcoin</b>&nbsp;(CRYPTO: BTC) could be today’s “gold standard” and increase purchasing power.</p>\n<p><b>What Happened:</b>&nbsp;Wood’s recent comments were a part of her response to Elon Musk’s question about the current ratio of the S&amp;P market cap to GDP.</p>\n<p><img src=\"https://static.tigerbbs.com/6df025897d874034b2d58153f2d6e5c3\" tg-width=\"561\" tg-height=\"410\">“What do you think of the unusually high ratio of S&amp;P market cap to GDP?”<b>Tesla Inc</b>(NASDAQ:TSLA) CEO asked Wood on&nbsp;Twitter.</p>\n<p>Wood responded a few days later, saying she had a hypothesis about&nbsp;why this may be the case.</p>\n<p>“In the late 1800s and early 1900s – as telephone, electricity, and the automobile were emerging – the US equity market cap relative to GDP appears to have been 2-3 times higher than it is today,”&nbsp;she said.</p>\n<p>ARK Invest founder noted that these technology-enabled platforms are deflationary, thanks to learning curves, or Wrights Law, and the gold standard was in effect during this era.</p>\n<p>“As deflation pressured an increasingly difficult-to-measure nominal GDP (the denominator), exponential unit growth and rapid productivity gains increased the quality of earnings while low-interest rates boosted their capitalization (the numerator),” explained Wood.</p>\n<p>“The technologically-enabled innovation evolving today dwarfs that of the late 1800s/early 1900s: genomic sequencing, robotics, energy storage, artificial intelligence, and blockchain technology. Moreover, Bitcoin could be today’s “gold standard,”&nbsp;increasing purchasing power!”</p>\n<p><b>Why It Matters:</b>Wood is a known advocate of Bitcoin, and at the helm of ARK Invest, her bullish stance on the cryptocurrency is apparent.</p>\n<p>ARK is the largestholderof shares of the<b>Grayscale Bitcoin Trust</b>(OTCMKTS:&nbsp;GBTC), with over 8.5 million shares held.</p>\n<p>On a recentpodcastbreaking down ARK Invest’s Bid Ideas Report, Wood commented on Bitcoin’s market cap crossing a trillion-dollar milestone.</p>\n<p>“One trillion dollars is just half of what Apple is worth, and yet this is a global digital monetary ecosystem, and Bitcoin is the reserve currency of that ecosystem, and that is a very big idea,”&nbsp;she said.</p>\n<p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175056752","content_text":"ARK Invest CEO Cathie Wood thinks thatBitcoin (CRYPTO: BTC) could be today’s “gold standard” and increase purchasing power.\nWhat Happened: Wood’s recent comments were a part of her response to Elon Musk’s question about the current ratio of the S&P market cap to GDP.\n“What do you think of the unusually high ratio of S&P market cap to GDP?”Tesla Inc(NASDAQ:TSLA) CEO asked Wood on Twitter.\nWood responded a few days later, saying she had a hypothesis about why this may be the case.\n“In the late 1800s and early 1900s – as telephone, electricity, and the automobile were emerging – the US equity market cap relative to GDP appears to have been 2-3 times higher than it is today,” she said.\nARK Invest founder noted that these technology-enabled platforms are deflationary, thanks to learning curves, or Wrights Law, and the gold standard was in effect during this era.\n“As deflation pressured an increasingly difficult-to-measure nominal GDP (the denominator), exponential unit growth and rapid productivity gains increased the quality of earnings while low-interest rates boosted their capitalization (the numerator),” explained Wood.\n“The technologically-enabled innovation evolving today dwarfs that of the late 1800s/early 1900s: genomic sequencing, robotics, energy storage, artificial intelligence, and blockchain technology. Moreover, Bitcoin could be today’s “gold standard,” increasing purchasing power!”\nWhy It Matters:Wood is a known advocate of Bitcoin, and at the helm of ARK Invest, her bullish stance on the cryptocurrency is apparent.\nARK is the largestholderof shares of theGrayscale Bitcoin Trust(OTCMKTS: GBTC), with over 8.5 million shares held.\nOn a recentpodcastbreaking down ARK Invest’s Bid Ideas Report, Wood commented on Bitcoin’s market cap crossing a trillion-dollar milestone.\n“One trillion dollars is just half of what Apple is worth, and yet this is a global digital monetary ecosystem, and Bitcoin is the reserve currency of that ecosystem, and that is a very big idea,” she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}