The past few months have been pretty tough for the cryptocurrency markets. Cathie Wood, CEO of ARK Invest, continues to paint an optimistic picture after the deep declines in the crypto money markets in the days when we are literally experiencing a “crypto winter”.
Cathie Wood, CEO of investment giant Ark Invest, made various assessments about the cryptocurrency markets in a new episode of the In the Know podcast. She says she is in a better position than a few weeks ago, as the digital asset market has been relatively quiet for the past few days. Cathie Wood made the following statements in her statements:
“I have a much better idea of what is going on in the crypto world right now. Bitcoin (BTC) monthly outlook has positive signs. We are waiting for a few more capitulation signals and of course time will tell on the systemic side here. We haven't heard any other stress signals in the last few days. That's pretty good news."
However, Cathie Wood emphasized that the current market downturn has secured the long-term outlook for the cryptocurrency industry and that the transparency of the cryptocurrency market can have a significant impact on traditional financial markets. She said about the cryptocurrency markets:
“What's going on in the cryptocurrency market gives some insight into why it might work in the long run. Because of the transparency and over-collateralization of the cryptocurrency ecosystem, there is much more trust in traditional financial markets than I thought. "We wonder how much leverage is being used and we don't know where they are hiding. Maybe that's the way it should be. I also think the cryptocurrency market warned us that there is too much leverage in leverage. Maybe there are some issues with leverage and we'll find out over time."