Bitcoin

<p><a href="https://en.wikipedia.org/wiki/Cathie_Wood" rel="noopener noreferrer nofollow">Cathie Wood</a>, one of the most renowned female investment professionals on Wall Street, managed nearly <a href="https://www.forbes.com/profile/cathie-wood/?sh&#61;65af66077360" rel="noopener noreferrer nofollow">$60 billion</a> in assets through her investment management firm <a href="https://en.wikipedia.org/wiki/Ark_Invest" rel="noopener noreferrer nofollow">ARK Investment</a> it holds a stake in <a href="https://markets.businessinsider.com/news/etf/here-s-how-much-cathie-wood-ark-invest-missed-out-on-by-selling-nvidia-early-1033437011" rel="noopener noreferrer nofollow">NVIDIA</a>, <a href="https://www.reuters.com/business/cathie-woods-ark-announces-openai-stake-bloomberg-news-reports-2024-04-12/" rel="noopener noreferrer nofollow">OpenAI </a>(developed <a href="https://chat.openai.com" rel="noopener noreferrer nofollow">ChatGPT</a>), <a href="https://en.wikipedia.org/wiki/Elon_Musk" rel="noopener noreferrer nofollow">Elon Musk&#39;s</a> startup <a href="https://economictimes.indiatimes.com/tech/technology/cathie-woods-ark-buys-stake-in-elon-musks-xai-report/articleshow/110516873.cms?from&#61;mdr#" rel="noopener noreferrer nofollow">xAI </a>and of course <a href="https://www.coindesk.com/markets/2024/01/17/ark-buys-159m-worth-of-its-own-bitcoin-etf/" rel="noopener noreferrer nofollow">Bitcoin ETF</a>.</p><h2 id="header-0">New asset class</h2><blockquote><strong>&#34;Bitcoin, hands down. No question about it. It is a global monetary system. It is a technology, and it is a new asset class. Those are three big ideas in one, and nothing else in the crypto world is competing with it.&#34;</strong> <a href="https://www.coindesk.com/business/2024/05/29/cathie-wood-says-ether-etf-filings-were-approved-because-crypto-is-an-election-issue/" rel="noopener noreferrer nofollow"><strong>Wood said</strong>.</a></blockquote><p>Unconventional vision of <a href="https://www.linkedin.com/in/catherinedwood/" rel="noopener noreferrer nofollow">Cathie Wood</a> aligning with <a href="https://www.linkedin.com/in/yar-hodl/" rel="noopener noreferrer nofollow">Yaroslav</a> led to their meeting at <a href="https://www.coindesk.com/tag/consensus-2024/" rel="noopener noreferrer nofollow">Consensus 2024.</a> Such transparency ideology was also started in 2015 by <a href="https://altalab.io" rel="noopener noreferrer nofollow">ALTA - Blockchain Laboratory</a>, immersing clients in the intricacies of the cryptocurrency infrastructure. Chief Visionary <a href="https://www.linkedin.com/in/yar-hodl/" rel="noopener noreferrer nofollow">Yaroslav Ivanov</a> of <a href="altalab.io" rel="noopener noreferrer nofollow">ALTA</a> kept discussing with Wood the future of Bitcoin, confirming her full predictions for the price in the long-term outlook with the clarification &#39;not in this cycle.&#39;</p><h2 id="header-1">ARK Cryptocurrency Strategy</h2><p>ARK believes cryptocurrencies governed by open source networks are enabling a new paradigm for monetary systems and mechanisms to store and transfer value. The Investment Manager believes that cryptocurrency value and market share dynamics will be “power law distributed,” meaning that a few cryptocurrencies will capture the majority of value.</p><p>Since the emergence of Bitcoin, we have witnessed the rise of a global battle among monetary systems, both sovereign and non-sovereign. ARK believes cryptocurrencies governed by neutral, open source networks have the potential to win this battle. By unlocking a new mechanism to store and transfer value, cryptocurrencies have the opportunity to create an open foundation of strong assurances in wealth and monetary integrity. ARK believes cryptocurrencies will contribute more dramatically and profoundly to the evolution of monetary systems than any other breakthrough in history. Instead of relying on centralized intermediaries to enforce its rules, cryptocurrencies rely on a distributed network of computers. This architecture enables it not only to function outside the purview of legacy systems, but also to challenge them. In the absence of central enforcement, its integrity is likely to be a function of its openness and transparency, a shift away from old world central banks and monetary institutions.</p><p></p>

ARK Invest CEO Cathie Wood spoke with ALTA - Blockchain Labs CVO Yaroslav Ivanov at Consensus 2024 by CoinDesk

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