Cathie Wood following her talks with Renowned economist Art Laufer, believes that bitcoin is inevitable and it’s price is heading only one way, upwards.
In her recent conversation with Balajee, she discusses how she is predicting the market to look past the current period of high interest rates we are in, to a place where interest rates are much lower, leading to higher valuations of risk assets such as innovation and crypto.
Balajiee overall agrees, however thinks we arrive to the same conclusion due to money printing and the debasement of currency, which inevitably raises the price of all assets but to a higher multiple, the further out on the risk curve.
Make sure to stick around to the end of the video where Cathy explains why bitcoin has now proved itself as a safe haven asset and an insurance policy and her conviction in it as an investment has only been cemented.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
