Ark Invest’s Cathie Wood Ignores Bitcoin’s Dip, Reveals Long Term Optimism

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Ark Invest’s Cathie Wood Ignores Bitcoin’s Dip, Reveals Long Term Optimism

Ark Invest CEO, Cathie Wood remains bullish on Bitcoin despite the prevailing market.Beyond inflation, Wood expects Bitcoin to be useful for protecting against party risk in the long term.More on-chain indicators were flashing green than indicators flashing red, Cathie Wood adds. 

Pendiri, CEO, dan CIO Ark Invest, Cathie Wood telah menyatakan kembali bahwa dia tetap lebih bullish pada Bitcoin daripada bearish meskipun kondisi pasar saat ini, karena beberapa alasan.

Speaking on CNBC’s Squawk Box, the serial investor pointed out the finer points of the fundamentals of Bitcoin that made it a sensible investment for her firm and all investors.

For Wood who is all for investing in disruptive technology, Bitcoin remains an important asset class and a new monetary system that goes beyond just being an inflation hedge. The CEO has predicted that the economy may soon become deflationary, as inflation is coming down if their data is right. This is why Bitcoin goes beyond just being an inflation hedge. According to her, Bitcoin will continue to play an important role in protecting against counterparty risk, as well as protecting from confiscation when inflation concerns become a thing of the past. 

“Dalam jangka panjang, aset penting untuk dilindungi dari risiko pihak lawan jika terjadi jenis krisis '08 '09. Ini juga merupakan kelas aset yang sangat penting untuk dilindungi dari penyitaan kekayaan selain inflasi.” 

She highlights that there will always be a place for Bitcoin sebagai “jaringan moneter pribadi global berbasis aturan, yang belum pernah kita lihat sebelumnya.” 

Indeed, being devoid of counterparty risk is one of the fundamentals of Bitcoin. Bitcoin was born out of the 2008 financial crisis that was largely caused by counterparty risk in the housing market where multiple defaults led to the crash of the financial market. In simple terms, counterparty risk, which is also called default risk, is the chance that companies or individuals will be unable to meet up with their debt payment obligations.

Bitcoin proponents expect that there should be no risk of default on payment by any party transacting in Bitcoin, or risk of confiscation of Bitcoin stored in one wallet by a third party. Bitcoin achieves this by being a trustless system where there is no centralized body for regulators to target.

Sementara itu, ketika ditanya apakah pasar saat ini merupakan peluang pembelian yang bagus, Wood menolak memberikan nasihat keuangan secara eksplisit, karena alasan yang jelas. Namun dia mencatat bahwa menurut analitik on-chain Ark Invest, lebih banyak indikator yang berkedip "hijau" daripada yang menunjukkan "merah."

Sumber asli: ZyCrypto