Donald Trump

Ark Invest CEO Cathie Wood hit back at Jamie Dimond after the JPMorgan CEO made dismissive <a href="https://twitter.com/SquawkCNBC/status/1747598755233218884" rel="noopener noreferrer nofollow">comments</a> about <a href="https://www.coingecko.com/en/coins/bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a>, likening it to a ''pet rock'' that ``does nothing.''
Wood said data doesn't support such an opinion, and seemed to question Dimon's tech savvy in the third of a barrage of tweets criticizing the JPMorgan helmsman.
Wood initially fired back by referring to a tweet posted by ARK Invest’s Director of Digital Assets, Yassine Elmandjra.&nbsp;
Elmandjra’s post noted that Bitcoin’s hash rate hit an all time high of 500 exahashes per second this month. To emphasize the significance of this milestone, he shared that, “for every star in our galaxy, the <a href="https://insidebitcoins.com/news/bitcoin-price-prediction-as-cathie-wood-sees-btc-etfs-helping-bitcoin-hit-1-5m-traders-turn-to-this-under-the-rader-bitcoin-derivative-thats-raking-in-millions" rel="noopener noreferrer nofollow">Bitcoin</a> network is calculating 5 billion computations per second.”
He added that this dwarfs the capabilities of the world’s most potent supercomputer by a factor of 500.
https://twitter.com/CathieDWood/status/1748201077080568167
In a separate X <a href="https://twitter.com/CathieDWood/status/1748207073257501009" rel="noopener noreferrer nofollow">post</a>, Wood said that Bitcoin is, “backed by the largest computer network in the world.” She added that the network is, “larger than the combined size of clouds that Amazon, Google, and Microsoft have built over the last 15-20 years.”
Wood went on to taunt Dimon in a third post, when she referred back to 2004 and JPMorgan's purchase of Bank One.
<a href="https://insidebitcoins.com/news/cathie-woods-ark-invest-dumps-more-coinbase-shares-offloads-gbtc-investment-and-buys-proshares-bitcoin-strategy-etf" rel="noopener noreferrer nofollow">Wood</a> recalled how excited investors were at the fact that the Wall Street giant’s CEO, Dimon, “was so tech savvy,” adding that tech oriented investors at the time “admired him enormously.”
``Jamie, I would like to introduce you to <a class="css-1qaijid r-bcqeeo r-qvutc0 r-poiln3 r-1loqt21" dir="ltr" style="background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);" role="link" href="https://twitter.com/brian_armstrong" rel="noopener noreferrer nofollow">@brian_armstrong,''</a> she added, referring to the CEO of the crypto exchange Coinbase.
 
<h2 id="h-ark-invest-sees-btc-reaching-as-high-as-1-5-million" class="wp-block-heading">Cathie Wood Sees BTC Reaching As High As $1.5 Million</h2>
 
Wood predicted in an interview with CNBC on Jan. 11 that BTC could rise to as high as $1.5 million in the next bull run, given the introduction of spot Bitcoin ETFs (exchange-traded funds) in the United States.
https://twitter.com/AltcoinDailyio/status/1745560860687573076
 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);">She shared that ARK Invest’s base case for the leading cryptocurrency is around $600,000, while the fund manager’s bearish target is approximately $250,000. <a style="background-color: var(--bs-body-bg); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);" href="https://insidebitcoins.com/news/cathie-woods-ark-invest-cashes-in-on-coinbase-as-shares-hit-20-month-high" rel="noopener noreferrer nofollow">Wood</a><span style="background-color: var(--bs-body-bg); color: var(--bs-body-color); font-family: var(--bs-body-font-family); font-size: var(--bs-body-font-size); font-weight: var(--bs-body-font-weight); text-align: var(--bs-body-text-align);"> said, however, that the probability of BTC reaching $1.5 million in the next bull cycle has risen due to Bitcoin ETFs.
 </div>
</figure>  
<h3 id="h-related-articles" class="wp-block-heading">Related Articles:</h3>  
<ul>
 <li><a href="https://insidebitcoins.com/news/cathie-wood-says-gary-genslers-political-ambitions-may-explain-his-reluctance-to-approve-spot-bitcoin-etfs" rel="noopener noreferrer nofollow">Cathie Wood Says Gary Gensler’s Political Ambitions May Explain His Reluctance To Approve Spot Bitcoin ETFs</a></li>  
 <li><a href="https://insidebitcoins.com/news/donald-trump-vows-to-stop-cbdc-creation-in-u-s-calls-it-dangerous-threat-to-freedom" rel="noopener noreferrer nofollow">Donald Trump Vows To Stop CBDC Creation In U.S., Calls It “Dangerous Threat To Freedom”</a></li>  
 <li><a href="https://linkedin.com/pulse/next-crypto-explode-unveiling-potential-market-shaker-calsona-hmwze/" rel="noopener noreferrer nofollow">Next Crypto to Explode: Unveiling the Potential Market Shaker of 2024</a></li> 
</ul>
[in-content-heros name="a-default-box"]

Cathie Wood Blasts JPMorgan CEO Jamie Dimon For Dissing Bitcoin, Seems To Question His Tech Savvy

Table of Contents

Inside Bitcoins

Other articles published on Jan 19, 2024

State Street Q4 Performance Shows Strong Inflows with $103B Record

Blockchain Liquidity Shift: Sui and Solana Attract Ethereum Assets

Google Announces $1 Billion Investment in UK Data Centre

Chase CEO, Jamie Dimon Speaks About Bitcoin ETF and US Economy

MetaMask rolls out Validator Staking, opening path for user-run Ethereum nodes

Tron founder Justin Sun addresses UN concerns on USDT

Join our free newsletter for daily crypto updates!