One of the most influential figures in the financial world, shared a captivating vision for the Web3 space and blockchain technology.
During his intervention in the Web3 Carnival in Hong Kong, Cathie Woodthe CEO of ARK Investment Management and one of the most influential figures in the financial world, shared a captivating vision for the Web3 space and blockchain technology. In his speech, Wood highlighted the significant advantages that these technologies offer and the crucial role that Hong Kong regulatory initiatives are playing in the promotion and regulation of crypto assets.
Wood outlined his futuristic vision of Web3, describing it as the next chapter in the evolution of the Internet, driven by the innovation of blockchain technology. According to her, this new phase has the potential to transform multiple sectors, from finance to e-commerce.
Regarding Bitcoin, and despite these challenges, Wood reaffirmed his optimistic prediction that the price of Bitcoin could reach $1.5 million in the next decadedriven by changes in investment infrastructure and the possible approval of Bitcoin Spot ETFs. This prediction is based on the expectation of greater adoption of Bitcoin as a primary currency, strengthened by the growing participation of institutional investors in the Bitcoin asset class.
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The CEO also pointed to recent investments made by giants such as Sony and Polygon as evidence of the growth and increasing integration of various technologies, which could lead to significant innovations in product design and user experience.
Wood on regulation in Hong Kong
Wood praised Hong Kong’s regulatory framework for digital asset trading, particularly overseen by the Securities and Futures Commission (SFC) and other entities. He highlighted the breadth and transparency of the regulation applied by the city, presenting it as an exemplary model in the regulation of cryptoassets.
However, the leader of ARK Investment also recognized emerging global regulatory challengeswarning of potential regulatory hurdles that could limit innovation in the Web3 space.
Cathie Wood’s participation in the Web3 Carnival not only projected an exciting future for the cryptocurrency and blockchain sector, but also highlighted the importance of a solid and progressive regulatory framework, such as that offered by Hong Kong.
His message emphasized the crucial role of regulation in driving innovation and growth of the crypto space, anticipating a promising future for Bitcoin and emerging technologies in this new decade. Wood suggested that the combination of a pro-Web3 approach and appropriate regulatory policies could be the key to the success and mass adoption of cryptoassets.
Source: Ambito
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