According to the latest reports, ARKInvest’s Cathie Wood talks about Bitcoin, spot BTC ETFs, and their benefits. Check out the details about what she had to say below.

ARKInvest’s Cathie Wood talks about spot BTC ETF

She said that “Gold was not the only commodity to soar after regulators approved the gold ETF. In fact, gold underperformed many other commodities. The Fed stoked broad based commodity price inflation by easing aggressively in response to the implosion of Long Term Capital Management in 1998.”

She continued and explained that unlike money center and regional banks a la 2008, bitcoin—a global, decentralized, transparent, private, rules-based monetary ecosystem—is not subject to counterparty risk. Last year in March, we learned that bitcoin is unique: not only a risk-on asset but also a risk-off asset.

Not too long ago, we also revealed the fact that in an interview with CNBC Squawk Box, Wood stated that ARK Invest’s bullish prediction of Bitcoin reaching $1.5 million by 2030 is now more probable due to the approval of 11 spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) on Wednesday.

“Our base case is in the $600,000 range. Our bull case – and we think the probability of the bull case has increased with this SEC approval, this is a green light – our bull case is $1.5 million by 2030.

You can see the [price forecast] building blocks [on Ark Invest’s website]. You can see how conservative we are in terms of those building blocks. This is a big idea. It is the first global, decentralized, digital, rules-based – critical there – rules-based monetary system in history. It is a very big idea.”

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