Famous US Investor Speaks About Bitcoin and Banking Crisis: Support from Elon Musk

While the famous US investor and Ark Invest CEO, Cathie Wood, put forward the idea that recent bank failures led investors to Bitcoin (BTC) and Ethereum (ETH), support came from Elon Musk.

Katie Wood March 15 Posted on his official social media account on in the shipmentrecent events in the U.S. banking system and threat to regional banks of systemic shock bitcoin And Ethereum on any no negative effect suggested. Wood’s regulators digital And traditional against the financial market behavioral differences and traditional financial markets transparency issues his opinions expressed Elon Musk in confirmatory replied.

Basically what happened The US Federal Reserve (FED) Wood, who suggested that it was due to his delayed intervention, banks How does the Fed approach a crisis? they could not persuade He also stated that he did not understand. bankruptcies, banks to cryptocurrencies investment on decisions your relevance to not Wood said that the primary cause FED’s policies if your secondary cause faulty risk management of banks underlined that.

Wood, the regulators he holds responsible for the current situation. decentralized and in many ways transparent to the crypto industry focus and to prevent to work rather than much opaque And central the one which… traditional finance to the industry pay attention suggested that it should.

Wood also noted that interest rates within a year. 19 floors close increase against and against from year to year your deposits experiencing a decline this much in sight current situation 1920s realized at the end Great Depression with quite similarity he said it showed.

On the other hand, Elon Musk expressed these views of the famous investor. “Haha same 1929” with an answer that you approve expressed.


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