Cryptocurrency important names of the sector, opened by SEC Binance And coinbase final comment when assessing the implications of the case bitcoin investor Cathie Wood, CEO of Ark Investcame from
Speaking to Bloomberg TV yesterday, Cathie Wood said that Binance’s legal problems in the US will eliminate Coinbase’s main competitor, so it will benefit Coinbase.
Today too CNBC’s Squawk Box The famous CEO, who participated in the program, stated that he stands behind his statements yesterday and stated that Coinbase will get rid of the competition.
Wood also stated that he is behind the prediction that Bitcoin will be $ 1 million. BTCHe argued that in 2030, the base price will be $600,000.
“Despite regulatory pressure and lawsuits in the US, I remain optimistic about Bitcoin price.
I see Bitcoin as an excellent hedge against inflation and counterparty risk, and I think it has unique characteristics.
I describe the creation of Bitcoin as a very big idea, and I describe BTC as the first global, private, non-government, digital, rules-based monetary system.
In this context, we remain bullish, believing that the base price of Bitcoin will be $600,000, and we expect it to exceed $1 million by 2030.”
“Our base case #Bitcoin price is $600K+ and our bull case is more than $1M by 2030,” says @CathieDWood front #crypto. “We believe that all of our funds, which have been hurt badly by interest rates going up, are going to benefit by the deflationary ramifications.” pic.twitter.com/M4t9AmYZSM
— Squawk Box (@SquawkCNBC) June 9, 2023
*Not investment advice.
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