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Today, March 13, 2024, the Youtube channel Only The SAVVY has published a new content with the title "The Real Reason Behind the Bitcoin Price Boom No One Talks About" | Cathie Wood. If you want to watch this video in streaming, you have come to the right place!
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For your information, you can find below the description of the video "The Real Reason Behind the Bitcoin Price Boom No One Talks About" | Cathie Wood published by the Youtube channel Only The SAVVY:
Bitcoin is surprising most, as it sits around $72,000 at the time of writing. The price action of Bitcoin has surprised many because the assumption is that the institutions need to come in, and the halving needs to take place. Cathie Wood, CEO and CIO of Ark Invest gave a different outlook on the situation. In an interview with The Big Whale, Cathie revealed that she believes the sudden surge in price is due to the uncertainty of mid size banks going down once again. In March of 2022, some medium size banks felt the stress and eventually folded. Simultaneously Bitcoin’s price increased, giving the impression that the flagship currency is both a risk on and risk off. Cathie has been stating that sentiment for years now and it now seems that her words are ringing true. Nonetheless, Cathie believes Bitcoin is still in its early stages and now is the time for crypto holders.
https://www.youtube.com/watch?v=xdMoGKPAP3s