These declarations happened during his conference “The future is bright”, together with the CEO of MicroStrategy, Michael Taylor. The investor thus ratified her recommendation on the cryptocurrency as a refuge from the current price pressures in the global arena.
In fact, the businesswoman indicated that 70% of Bitcoin investors maintain their position in the long term: “Approximately thirteen and a half million units of the 19 are in long-term hands. The community understands it.”
The investor also said that its liquidity, which has a market capitalization of US$830 billion, increased its liquidity tenfold. “That’s just a taste of what’s to come,” he said.
For the businesswoman, the volatility continues to be a negative factor that she attributed to how new the crypto world is still in the market..
According to her, the institutional “it has improved, but it is still a long way from being fully accepted”he indicated, referring to the position of traditional investment banks and large companies regarding Bitcoin.
“Traditional institutional investors are seeing that it is very volatile, and that scares investors. They think it is risky. But it is a new asset class, and we will see how it will be built,” he said, and assured that Bitcoin could exceed the million dollar estimate after 2030.
The investor estimates that in eight years 2.5% of institutional assets will be assigned to Bitcoin.
According to the CEO of Ark, The vision of the United States regarding Bitcoin and the sector in general was modified in favor of cryptocurrencies, so it is positive regarding the regulation that is planned in this country and its effects.
“Treasury Secretary Janet Yellen has changed her tone. It’s a positive thing. A year ago, her first comments on Bitcoin were about money laundering and environmental damage, and now it’s different,” Wood noted. And she closed: “I am seeing that the politics around Bitcoin is radically changing and this is bipartisan.”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
