Cathie Wood Bitcoin WARNING!: “A CRASH Is Coming In 2024…” (Time To BUY)

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ARK Invest CEO & Founder Cathie Wood just issued a warning for Bitcoin & Cryptocurrency in her latest interview.She believes that the coming Bitcoin ETF may very well turn out to be a sell the news event.

Cathie argues that because the Bitcoin price has run up so much in the lead up to an ETF approval, once the approval actually comes, investors may be let down by the impact, causing a sell-off and prices falling.

However make sure to stick around to the end of the video where Cathie breaks down despite whatever happens short term, the medium to long term impacts of a spot Bitcoin ETF underestimated.

She also speaks on her outlook for both Solana and Ethereum.
Also guys, if you want to stay most up to date on the crypto and Bitcoin world, make sure to subscribe to my daily 5 minute crypto newsletter.

It gives the latest expert predictions, any breaking news & top on-chain analysis all in a nutshell.

About Cathie Wood:

Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.

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To watch the full un-edited interview featured (and subscribe to a great finance resource!) check out:

ARK Invest

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Cathie Wood Bitcoin WARNING!: “A CRASH Is Coming In 2024…” (Time To BUY)

The SEC approval will be a green light for institutions who have been holding back now we’ve had an a big anticipatory move here it wouldn’t be surprising if we saw a sell on the news that’s an expression in the market sell you have a lot of anticipation a price moves up uh

The event happens and then uh especially fast trading organizations sell on the news but beyond that that I think will be just a maybe a very short-term phenomenon AR invest CEO and founder Kathy Wood just issued a warning for Bitcoin and cryptocurrency in her latest interview she believes that the coming

Bitcoin ETF may very well turn out to be a sell the news event Kathy argues that because the Bitcoin price has run up so much in the leadup to an ETF approval once the approval actually comes investors may be let down by the impact causing a sell off and prices to fall

However make sure to stick around to the end of the video where Kathy breaks down despite whatever happened shortterm the medium to long-term impacts of a spot Bitcoin ETF should not be underestimated she also speaks on her outlook for both salana and ethereum also guys if you

Want to stay most up to date on the crypto and Bitcoin World make sure to subscribe to my daily 5minute crypto newsletter it gives the latest expert predictions any breaking news and top onchain analysis All In nutshell click the first link in the description to join over 30,000 others in becoming a

Better crypto investor right now now here’s Cy word on the Bitcoin ETF yeah well after being denied a few times without any questioning to uh be questioned back and forth this time around has been very encouraging uh and also shows the depth of the sec’s knowledge of the issues and

Understanding of them so um we’re quite gratified and uh you know hoping hoping yes we’re very encouraged with our our partner uh 21 shares I think we’ve crossed every te dotted every eye uh I we believe to the sec’s a satisfaction I think the messaging around uh the 29th

Is look if you’re not going to be ready to go on or around let’s say January 10th then do not submit anything more to us because we have too much to do here uh and again that also is encouraging because it feels like a bit of uh that the SEC is setting a

Deadline for itself so that’s great yeah I guess the the biggest controversy and this is in the Press uh but I’ll highlight it because I think for most of it most of us it has been wow are they going to allow in kind uh trans actions

So you know limiting the tax uh impact of transactions or is it going to be primarily in cash and uh I think as has been reported widely uh I think it’s cash uh not in kind at least at the outset here uh and I think there are

Just a few people within the SEC who um are just somewhat concerned that banks will be forced to touch crypto um uh we’re not sure they will be but uh uh we’re talking about something very technical so to answer your question yes very technical uh but that that has been

I think the big issue as we head hopefully towards a resolution well I do think there will be repositioning for all kinds of reasons but uh I do also believe that uh the SEC approval will be a green light for institutions who have been holding back now we’ve had an a big

Anticipatory move here it wouldn’t be surprising if we saw a sell on the news that’s a an expression in the market sell you have a lot of anticipation a price moves up uh the event happens and then uh especially fast trading organizations sell on the news but uh beyond that that I think

Will be just a maybe a very short-term phenomenon uh I think that the institutional push into Bitcoin will be quite significant to the price in fact uh in our price expectations going forward the biggest contributor is institutions as they move you know they don’t have to move very much in they can

Move there are trillions of dollars in assets to be allocated if they just move in 0.1% forget about 1% but even 0.1 or 0.2% that will move the needle especially as uh as we know the number of Bitcoin outstanding right now uh is about 19 and a half million and the the

Further that number the furthest that number is going to go is 21 million so the scarcity value as institutions move in uh will begin to move the price we believe well as with any uh new ETF there it’s it takes a while to educate uh educate investors Asset allocators

Advisors uh about these new offerings so slow as it goes but the most important thing that’s happening right now is you know we’re watching the plumbing and the plumbing works that’s that’s extremely important you know 21 shares is the largest pure playay ETP crypto provider in the world with

Roughly two billion dollars in assets so that has been mostly in Europe This is in the US now and so we wanted to make sure the plumbing works and it’s working beautifully uh and I do think that uh a spot Bitcoin ETF will stimulate once once institutions and other investors

Have a tow hold into the space they will want other way they will want ways to diversify and so we wanted to be ready with those five strategies to help with actively manage diversification strategies some are lower volatility uh some are more Diversified with digital asset equities uh so again

We’re we’re trying to be um uh shall I say a go-to for anyone thinking about investing in in digital assets uh so we’re very very optimistic uh about coinbase now if you um I’m going to go back to what I I mentioned about institutions institutions don’t want to

Bother with custody and and so forth they want and and tax issues and uh and other infrastructure they just want to be able to access uh quickly uh Bitcoin and and other digital assets we think longer term uh and and so uh you know if

If we’re right uh a a spot Bitcoin ETF will be the most liquid way to access uh to access exposure to to bitcoin uh and and I think that that liquidity and the ability to move in and out quickly is is going to be important to institutions because some institutions yes will be

Buy and Hold others will use uh use the ETF really as um a way to play a new asset class and you know they’ll want exposure at times because the diversification increases risk per unit of uh I mean increases return per unit of risk uh so uh I think they they can’t

Ignore it and so this is a very good way to access it well I think something happened uh this year that will continue to inform investor decisions Bitcoin appreciated during the Regional Bank crisis so as the K the the Regional Bank index imploded and Silicon Valley Bank

Went under Bitcoin appreciated uh in the middle of that crisis roughly 50% and so we have a new role for Bitcoin and that is not only a risk-on asset but a riskof asset too think about that and why is it it is because Bitcoin unlike our banking system does not face

Counterparty risk uh it is completely decentralized and transparent by by wallet address right uh and so our onchain analyst David Bell can watch the network all day long and see movement and spot unusual uh activity um and we certainly saw that last year as Celsius was going under and others it was

Bitcoin that didn’t skip a beat so I really think it’s proved its metal and that is informing institutions you know they may not have have liked it at one point in time but that that uh Regional Bank crisis um spoke volumes uh now so we look at Bitcoin as a hedge also

Against both inflation and deflation so think about that we have a risk on asset and a risk-off asset it’s a hedge against inflation much like gold is um because its quantity is fixed out there and then um it’s h a hedge against deflation because of this notion of

Counterparty risk um not subject to it so it it’s going to play a lot of roles in a lot of portfolios and you know our our forecasts are over five years and over a fiveyear investment time Horizon uh we do think that it will uh for some

People take the place of physical gold so that’s a big mover uh we also as I mentioned institutions will start with 0.1 0.2 maybe going to 5% if uh if our analysis is correct that’s what usually happens with a a new asset class and then we have the Emerging Markets if you noticed

El Salvador and now AR Argentina both of the presidents of those countries are supporting Bitcoin and why because they’ve watched themselves and their populations their purchasing power and their wealth um being destroyed by bad monetary and fiscal policies in those countries and that’s not just true of those two countries it’s true elsewhere

In the world so we would not be surprised to see Bitcoin become legal tender in many more Emerging Markets that will be another very big hug case and then related to that somewhat is remittances you know it’s it’s easy to transmit uh once once people understand

Have wallets and understand how to do it um Bitcoin for little or no charge at all whereas going through Western Union can cost 8% 10% 23% in Nigeria of even a $100 as families in the US try and transmit or remit uh funds back to their families in Emerging Markets well we do

Think that uh smart contracts are going to grow in importance as uh decentralized Finance um continues to develop momentum and both of those are smart contract networks each of them uh has uh benefits and some tradeoffs uh but we both but we think both are winners and to have

Watched salana after last year’s controversy with FTX being such a big supporter of salana and to watch the developers stick with uh with with salana is uh speaks volumes to us I always say follow the developers and they certainly stuck with salana and they are also scaling uh in in terms of

Ethereum as well so we think those are two powerful networks in the decentralized finance space and we also think that this notion of defi decentralized finance that you know if people just start looking at it and thinking about it as simply the the internet Financial system uh the

Internet in the early days was never conceived of um as uh hosting Commerce or financial services and so developers back then didn’t didn’t build in that capability all that’s happening now with Bitcoin and uh ethereum and salana is developers are building in Native currencies and um and much more streamlined fewer intermediaries

Streamlined uh ways of uh dealing in the financial system much more efficient much more productive just like the internet itself so there’s Kathy Wood on the potential impact of the Bitcoin ETF as well as her insights on salana and ethereum remember the world of cryptocurrency is always changing while

Short-term Market changes can be intimidating it’s important to consider the medium to long-term possibilities Kathy emphasized that the impact of a spot Bitcoin ETF will be significant in the long run also don’t forget to stay updated with the fast world of crypto by subscribing to my daily 5minute crypto

Newsletter it’s packed with expert analysis breaking news and in-depth onchain analysis all in a concise format join over 30,000 others in becoming a more informed crypto investor by clicking the first link in the description anyway guys hope you all enjoyed today’s video and that provided

You with some value I’ll see you all in the next one and as always all the best