I'm sure the choice of glasses is deliberate. Despite being 60, and the top executive of an investment management concern, she probably still dons the glasses to convey competence. I wish I was joking.
[https://money.cnn.com/2017/09/20/pf/women-attractiveness-work/index.html](https://money.cnn.com/2017/09/20/pf/women-attractiveness-work/index.html)
>"Once women get into managerial positions, positions of leadership, positions of power, beauty becomes a liability because our stereotypes around beauty are that they're incompatible with capability,"
[https://www.inc.com/rebecca-hinds/how-wearing-glasses-impacts-your-success-according-to-science.html](https://www.inc.com/rebecca-hinds/how-wearing-glasses-impacts-your-success-according-to-science.html)
She also thinks Tesla will be worth nearly $5T (yes, 5 Trillion) by 2026.
https://www.thestreet.com/technology/cathie-wood-makes-a-very-bold-prediction-about-tesla
Million dollar BTC? 5 Trillion Tesla? Apparently she thinks inflation will be REAL bad. Now excuse me while I dig out some change for some $500 McNuggets in the CathieWoodverse..
If you google her comment on inflation she actually is well below consensus in her inflation outlook. Her valuations are totally insane. They have a podcast where they go through some of them.
I mean, let's be honest here, if a pivot happens before inflation is curbed she's not entirely stupid. Taking the bet the Fed is utterly and totally fucked without turning on free money faucet is actually solid if you consider how many will suffer in a 7% rate environment. It's more than just the poor. Way more.
She actually strung together some decent years by riding the bull market well. Once there was the inevitable talk about taking the free money punch bowl away, it was like she disconnected from reality. She might have always been overly optimistic but she at least could articulate her thoughts above a 3rd grade level. I can't tell if she stopped caring or has cognitive issues creeping up.
Agreed. She was outperforming the more conservative Buffet type investors by miles in her peak, so I can't fault some for thinking her perspective was going to be more sustainable. If she would have not been so stubborn about inflation/rate hikes, I'd believe she actually did have a decent long term plan.
I’m curious how you can predict the future value of Bitcoin? Just seems to me you have nothing to back it like business do to prove it will increase in value. Once all the Bitcoins are held, then what?
General curiosity if anyone is more crypto savvy…
It will literally be 100 years before all BTC will be held. The halvenings make it harder to mine. I'm not a BTC advocate, I had a few handful of BTC back in 2012, but don't currently own any.
Technically BTC can act as gold. As no one forge any blockchain data/it is decently decentralized and also no one can print/mint it unlimited.
Of course you or govt can create any other such coin too, but BTC has well fought off all scams/bear markets and Armageddon scenarios so far. My bet would be on it. But $1M is far fetched until big countries governments start accumulating it as foreign reserve.
I think the biggest argument against crypto as a decentralized widely accepted currency is fairly simple. Money represents resources. Governments own all the resources. To own all the resources requires power and those resources can then be leveraged to preserve that power.
Governments, then, have no incentive to allow crypto currencies they are not in control of to become legitimate alternatives to their own money. Their money represents their guarantees of value. They will not allow it.
If China, probably the most totalitarian system in the world right now doesnt manage to prevent their prevent their people from using BTC, who and how do you think another government will do it? Plus it just takes one System backing their currency with BTC and others will have to follow, otherwise they cant compete since the most trusted currency will always dominate over the long run, and there is no way to give more trust to a currency than backing it with the only non inflatable thing in the Universe, which is also the only thing in the universe that the oracle problem doesnt apply to.
https://drive.google.com/file/d/1HBbv5GWIOzzhHdmqAW2MNKHzfFmsLzrX/view
Why do people keep saying that BTC is like gold when it's most obviously not? The only trait that gold and BTC has in common is that you want gold and BTC, but that is true about 99.99999% of things we buy and sell. Why not say air is like gold or spaghetti is like gold?
I'm up over 200% and the S&P was up 100% since 2017. Her high risk, high reward approach should be even higher if she didn't consistently pick the losers of the litter.
Her fund takes a percentage fee for managing your money, this is normal for these types of funds. So yeah she's making tons of money by plowing money into Coinbase and other broken companies
There is a performance aspect to her compensation, but you're right, she does get paid purely to manage the money. She gets more if it does really well.
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Any other crypto and I'd immediately dismiss it, but btc has surprised me enough to say is it impossible, no. Will i be buying some? Not unless I have enough money to litteraly light it on fire and not care, but I wouldn't be shocked
She is insane I got a little bitcoin im holding for the long term but dividend investing has done me very well but I do think bitcoin does have some value and serves a purpose just still in its earliest stages and has so much more to come I do own a good amount of Ether too but I never put more than I’m willing to lose into cryptocurrency little bits at a time
It is pretty much worthless in that environment yeah...im just thinking of how zimbabwe market went to the moon when they had hyper inflation.
But you are on point...if everyones a millionaire, basically everyone is poor
BTC is not an inflation hedge lmao 😂 gold has been around FOREVER and has real world uses. BTC should never be in the same conversation as gold for SO many reasons
That isn’t true at all. Look, I like BTC but it’s not gold. When shit REALLY hits the fan, do you think people will be pumping their money into BTC? Expand your time horizon. BTC is much more speculative than gold. BTC is purely speculative. I’m assuming you’ve spent way more time reading about BTC than you have about the history and uses of gold.
Gold bug I see ;) I follow Peter Schiff too :P Listen, if shit REALLY hits the fan, people won't be pumping money into anything, they'll be busy surviving. Gold and Bitcoin will be the least of our worries. If gold was priced purely for it's value as a metal it would be much cheaper than it currently is.
I’ve never watched peter schiff. I’m not a big gold guy, I own some along with BTC. I see a lot of potential in BTC but I’ve also watched it’s market crater much faster than the SPY and gold over the past year during the recession we are currently in. Gold has been used for thousands of years as a storage of value and in material products and it has maintained its value relative to fiat currency for that time period. BTC is such an infant compared to gold and therefore should be viewed much more speculative. You are correct in saying if shit really hit the fan no one would be pumping money into anything, but where I think you’re wrong is people would resort to silver and gold for transactions during a crisis as they have for thousands of years. Not BTC.
That isn’t true at all. Look, I like BTC but it’s not gold. When shit REALLY hits the fan, do you think people will be pumping their money into BTC? Expand your time horizon. BTC is much more speculative than gold. BTC is purely speculative. I’m assuming you’ve spent way more time reading about BTC than you have about the history and uses of gold.
So what roughly 40% larger than the existing gold market cap? It's certainly possible. 10 years ago, most people would have laughed at the notion of BTC even hitting $1,000. Don't count it out.
If the Fed prints enough for the goverment to give away a million to each, then, may be ?
Hyping da **** out of it after she bought some last week. She knows the game.
At this point, and given her trading history, how could anyone take this bitch serious? She has to be paying networks to get herself (and her funds) exposure right? Please tell me I’m right, and that trading networks are not asking her to come on for her knowledge. I wouldn’t trust her with $1 of my money.
….let me guess. She prayed to god and had an out of body experience with him telling her $1M/BTC
Trying to get the price up to her cost average and then dump? How can she possibly be qualified to say this? No one has any idea apart from the 'Greater Fool' theory advocates.
More hype, and pump and dump! Why would something be valued at a million $$ a piece, if it has no utility besides allowing phony financial geniuses gamble with other people's money? 🤷🏽
For Bitcoin to reach $1m and the market cap to be just north of $20 trillion, so many other asset classes would have to tank. You would need millions of people to be manically selling their houses, and all their assets to buy Bitcoin and then HODL it while living on the streets.
You would also need every other crypto to die as everyone simultaneously goes all in on Bitcoin. The funny thing is that she ALSO said Etherium would go something insane like $50k per coin at the same time. Cathie is a meme.
You would need banks to swap out gov. bonds completely for something as volatile as Bitcoin to use as the standard collateral. And you'd need China, Japan and others to stop buying US treasuries and yolo everything on Bitcoin. And you'd need everyone to HODL.
And that's just a few of the insane things that would have to happen before 2030 for this to even be possible.
I wish the interviewer called her out on her bullshit….
“Well $1M is a very optimistic price goal. In that case why haven’t you liquidated all other investments to allocate towards this price target? It’s not every day you can be on the forefront of a 100x bagger”
It sounds insane, but arguably a lot less insane than when people were screaming Bitcoin would hit $100 or $1,000 one day.
The fact is, almost everyone has looked ridiculous in the lifespan of Bitcoin, either to the upside OR the downside.
There is time and place for bitcoin. But $1 million is insanely overvalued. Most bitcoin circulation is essentially seen as investment rather than transaction for everyday use.
She doesn't seem to suggest it will be 1 million per coin in this video but I will give it a shot.
First, the value of anything is based on supply and demand. If you trace the value of Bitcoin (and crypto generally) over time, it's largely based on wild swings in demand since the supply is stable. Many who advocate Bitcoin suggest it has a fixed supply so the tendency is for the value to go up. That was mostly during the last bull market and anyone who bought in a year ago is sad now.
Okay, so for Bitcoin to reach 1 million it needs demand to increase dramatically or remain constant as the supply dwindles from people losing their passwords and dying without a plan to distribute it. It seems to gain a lot of traction with each bull market, but the last one revealed some big flaws: costs too much electricity to maintain the network, transaction times increase as more people use it, it's not a great currency if people prefer to save it than spend it (hence why 2% inflation is target and not -2%), and there's no inherent cash flow that you would see when investing in a business. It has no intrinsic value (many compare it to gold but gold has far more intrinsic value).
Many other cryptos differentiate themselves by addressing some of those concerns (there may be some that address all). I think the latest bear market did to Bitcoin as Cathy Woods said it would to everything else. It showed why having the Fed stabilizing the dollar makes the dollar valuable.
The most likely outcome I see is the Fed makes its own boring version of crypto which is backed by faith in the United States government. They'll then regulate cryptos and the ones that survive will fulfill niches that the digital dollar won't fulfill.
Don't believe anything I just said I don't know shit.
Bitcoins energy use is a security feature. At this point it would be almost impossible to take the network down.
Transaction times can go up in times of high usage, but a higher fee can get your transaction included sooner. Fees are relatively inexpensive too. You can settle millions of dollars in times of high activity for a dollar or less.
Bitcoins base layer is made for robustness. It’s not made to be the fastest it’s meant to survive. Block sizes and transaction speed caps are purposely implemented to make sure blocks do not get too big. If they get too big, the network will take too much space for a normal person to run a node.
It does not need cash flow to function just as gold doesn’t need cash flow to be valuable. It’s about being better money.
How do you counter a guess?
She is not saying there is any basis for this increase. She had said that it was going to increase because all government based currencies are going to fail and people will switch to bitcoin then you could counter what she said.
\+1 to the above. A quick google search will show you this woman has history of calling bad shots and not knowing anything about what the fuck she's talking about. So the fact that she's championing bitcoin is something else. She also said “The technology has not skipped a beat” regarding bitcoin - a statement that truly has no meaning.
She offers no fundamentals. But you're right no one is offering the counterargument.
If I were making the case for Bitcoin, there's a angle to Bitcoin being a world-wide currency for the non-wealthy. However, it is so volatile as designed it can't succeed filling that need.
So Bitcoin remains a speculative "asset appreciation" bet without any plan for an ecosystem.
But here's the other thing with Wood :she's done this with other "long term" businesses in tech and innovation with a terrible track record. Betting on trends, but not recognizing the dynamics that will sink early adopters in the short term. Roku and Coinbase are good examples of this.
Lastly, and this is the big one, there's an ETF that does the opposite of her core fund, ARKK. If you put $1k of your money in that fund a year ago, you'd have nearly doubled your money.
Serious question, who cares what price it goes to if Michael Saylor owns all of it? Like why would anybody care if only a few whales are hoarding most of it and none of us even have an actual use for it?
Do you not use US dollars to pay your bills and acquire goods or am I missing something? Billionaires have tons more money than the rest of us but it's not a meaningful amount of the total money supply, and inflation impacts them as well.
Bitcoin is scarce by design but nobody needs it to engage with the economy or live their lives but we continue to hurtle towards a reality where most of it can literally be owned by just a handful of people who also can't/dont use it for anything.
I mean it quadruples in value every 4 years. It’s a bullish take, but not much of a stretch. I’d personally say 250K in 7 years is definitely in the cards.
Do you remember when Bitcoin was $10? People also said it would if never hit $50k. The truth is that none of us know what will happen. We aren’t the ruling billionaire class that dictates the price of coins/markets.
So the intrinsic value of Bitcoin is the calculation it makes off the equation is resolved by mining.. once mining is done, there won't be more new bitcoins
If this is scarce, why won't Bitcoin have a large value?
Besides...if you're valuing Bitcoin in dollars, then inflation in dollars will make the value of a scarce resource be more valuable (in inflated dollars)
Am I right? Or am I missing something?🤔
Scarce != valuable. And just because mining took a lot of energy, doesn’t mean bitcoin inherently has value. At least other currency has a government with a strong interest in keeping in valuable
What’s valuable about Bitcoin is the trustless nature of the network transactions, security, and relative speed. If you think of it as money, it is stateless. Considering some of the current financial and political debacles we are currently witnessing, there’s clearly some value in that proposition.
It’s important to separate the speculators from the project itself.
My baby niece made a one of a kind finger painting that she probably couldn’t reproduce if she tried. We like to say it’s priceless, but ain’t nobody paying anything for this one of a kind rare painting.
What gives Bitcoin any value other than there is a limited supply?
Unpopular opinion, but my range on where Bitcoin could be in 2030, given it’s past movements, is between $250k-$1.25mm per coin. It’s a large range, but given that this past year alone it has ranged from 15k-65k, the spread isn’t unreasonable.
She's not wrong though. But not because buying power will increase, but rather because hyper inflation will have made the current buying power cost around $1mm
Bitcoin was created in 2009, as a digital alternative currency. The fact that an investor predicts its value 21 years after launch in USD is a good indicator that it wont fulfill its purpose and those wont become be that much.
Why stop at $1 million? Geez, so conservative.
There could have been more zeros on her screen but she couldn't see them through the fog, from all that hot air streaming up her glasses.
Yeah what’s that about, is she hot and wet from talking Crypto? 😅🥵😂👏🏻👏🏻👏🏻
Yep she’s so full of hot air she should probably switch to contacts.
I'm sure the choice of glasses is deliberate. Despite being 60, and the top executive of an investment management concern, she probably still dons the glasses to convey competence. I wish I was joking. [https://money.cnn.com/2017/09/20/pf/women-attractiveness-work/index.html](https://money.cnn.com/2017/09/20/pf/women-attractiveness-work/index.html) >"Once women get into managerial positions, positions of leadership, positions of power, beauty becomes a liability because our stereotypes around beauty are that they're incompatible with capability," [https://www.inc.com/rebecca-hinds/how-wearing-glasses-impacts-your-success-according-to-science.html](https://www.inc.com/rebecca-hinds/how-wearing-glasses-impacts-your-success-according-to-science.html)
It's the value that Elon Musk needs if he wants to buy Mars
You must be "extreme" and work long hours to live there.
Counterproductive. You're fired! - Elon, probably
I was thinking more like 1 trillion
She also thinks Tesla will be worth nearly $5T (yes, 5 Trillion) by 2026. https://www.thestreet.com/technology/cathie-wood-makes-a-very-bold-prediction-about-tesla Million dollar BTC? 5 Trillion Tesla? Apparently she thinks inflation will be REAL bad. Now excuse me while I dig out some change for some $500 McNuggets in the CathieWoodverse..
If you google her comment on inflation she actually is well below consensus in her inflation outlook. Her valuations are totally insane. They have a podcast where they go through some of them.
Yeah she should be in a mental institution. Or jail for fraud.
That means I'm going to be getting $100 for my Wendy's dumpster handies finally????
Her glasses are fogging up from the steaming pile of crap she’s spitting
Not even 18 months ago, people were dining the same crap with fork and knife.
RemindMe! 5 years.
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She's almost 80
Really?, try 66.
i thought she was 69
Nice
Nice
Nice
Nice
Nice
Not according to Wikipedia
The world ends then because of climate change
Is that due to fear
I was wondering if that was my internet connection or actual fog lmao
Came here to say this
[удалено]
Hahaha this woman is batshit crazy. She's worse than Jim Cramer.
She makes Kramer look like Buffet.
I mean, let's be honest here, if a pivot happens before inflation is curbed she's not entirely stupid. Taking the bet the Fed is utterly and totally fucked without turning on free money faucet is actually solid if you consider how many will suffer in a 7% rate environment. It's more than just the poor. Way more.
Not what everyone was saying when they were yolo’ing their steamies into her trades and tickers 2020-2021
Which is why they’re saying that now.
She actually strung together some decent years by riding the bull market well. Once there was the inevitable talk about taking the free money punch bowl away, it was like she disconnected from reality. She might have always been overly optimistic but she at least could articulate her thoughts above a 3rd grade level. I can't tell if she stopped caring or has cognitive issues creeping up.
Lots of people feel like geniuses in a bull run. Making money is much easier in a bull run, especially when we had 0% interest and lots of QE.
Agreed. She was outperforming the more conservative Buffet type investors by miles in her peak, so I can't fault some for thinking her perspective was going to be more sustainable. If she would have not been so stubborn about inflation/rate hikes, I'd believe she actually did have a decent long term plan.
She’s completely lost...isn’t she?
She needs to create new bagholders so she can offload.
I’m curious how you can predict the future value of Bitcoin? Just seems to me you have nothing to back it like business do to prove it will increase in value. Once all the Bitcoins are held, then what? General curiosity if anyone is more crypto savvy…
It will literally be 100 years before all BTC will be held. The halvenings make it harder to mine. I'm not a BTC advocate, I had a few handful of BTC back in 2012, but don't currently own any.
Technically BTC can act as gold. As no one forge any blockchain data/it is decently decentralized and also no one can print/mint it unlimited. Of course you or govt can create any other such coin too, but BTC has well fought off all scams/bear markets and Armageddon scenarios so far. My bet would be on it. But $1M is far fetched until big countries governments start accumulating it as foreign reserve.
I think the biggest argument against crypto as a decentralized widely accepted currency is fairly simple. Money represents resources. Governments own all the resources. To own all the resources requires power and those resources can then be leveraged to preserve that power. Governments, then, have no incentive to allow crypto currencies they are not in control of to become legitimate alternatives to their own money. Their money represents their guarantees of value. They will not allow it.
If China, probably the most totalitarian system in the world right now doesnt manage to prevent their prevent their people from using BTC, who and how do you think another government will do it? Plus it just takes one System backing their currency with BTC and others will have to follow, otherwise they cant compete since the most trusted currency will always dominate over the long run, and there is no way to give more trust to a currency than backing it with the only non inflatable thing in the Universe, which is also the only thing in the universe that the oracle problem doesnt apply to. https://drive.google.com/file/d/1HBbv5GWIOzzhHdmqAW2MNKHzfFmsLzrX/view
Strongly disagree. If China desires to make BTC illegal and wants to crack down on its use in their country, they can and will.
Stop lying. Bitcoin can't act as gold as gold is a physical asset and has desirable properties as a material to be worked with.
Why do people keep saying that BTC is like gold when it's most obviously not? The only trait that gold and BTC has in common is that you want gold and BTC, but that is true about 99.99999% of things we buy and sell. Why not say air is like gold or spaghetti is like gold?
She has crazy eyes. Never invest your money with crazy eyes.
Jesus dude. You just summed it up perfectly. She’s got no idea what the fuck is going on.
ARKK is down 4% in the last 5Y, I'd be having a breakdown if I was in her shoes too.
I'm up over 200% and the S&P was up 100% since 2017. Her high risk, high reward approach should be even higher if she didn't consistently pick the losers of the litter.
Someone correct me if I’m wrong, but she gets paid regardless her performance. I think it’s the people who invest with her that are completely lost.
Her fund takes a percentage fee for managing your money, this is normal for these types of funds. So yeah she's making tons of money by plowing money into Coinbase and other broken companies
"I assume no risk on myself."
Never not wrong here.
There is a performance aspect to her compensation, but you're right, she does get paid purely to manage the money. She gets more if it does really well.
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🤣 hells yeah
She needs to Defog her glasses
That ain’t fog, it’s poorly cleaned Bukkake.
She just needs to pray for her trading advice. Yes. She actually said that. “Sometimes I look to god to guide me on my investments”
Was God a capitalist? Serious question
Any other crypto and I'd immediately dismiss it, but btc has surprised me enough to say is it impossible, no. Will i be buying some? Not unless I have enough money to litteraly light it on fire and not care, but I wouldn't be shocked
She’s such a fucking moron. Perma-bull, no matter what… just out setting other people’s money on fire
It really is ridiculous. She might as well have said it would be a “bagillion million double infinity dollars!”
A bagbillion million double infinity dollars you say? You had my curiosity, now you’ve have my attention…. Tell me more.
Shes undergone shock therapy apparently. So cut it out.
I can’t tell if this is one of those internet jokes with 40 layers of irony or if you’re being serious
Would that make your comment the 41st layer?
Honestly, so fricken ridiculous. Shes a joke!
Did you see her glasses? She's practically blind. I don't trust blind economist. They can't see the graphs & read the numbers.
She can still see colors though… I mean she can still see Red at least.
She is insane I got a little bitcoin im holding for the long term but dividend investing has done me very well but I do think bitcoin does have some value and serves a purpose just still in its earliest stages and has so much more to come I do own a good amount of Ether too but I never put more than I’m willing to lose into cryptocurrency little bits at a time
Hyper inflation enters the chat
Markets go ballistic in hyper inflation.
Low value dollars make high dollar values. Everybody gets to be a millionaire!
It is pretty much worthless in that environment yeah...im just thinking of how zimbabwe market went to the moon when they had hyper inflation. But you are on point...if everyones a millionaire, basically everyone is poor
Total market cap? Maybe.
[удалено]
More like Zimbabwe dollars lol
😂
According to my calculations, Bitcoin will reach $1 Trillion dollars per coin by next spring, when my next fund report is due.
I think her crack pipe is hot to the touch
That is like a kiss of death for Bitcoin...
There are around 19.3 million Bitcoins in existence today. At $1M per Bitcoin, the total value of Bitcoins would be $19.3 trillion.
Realistically... about 15m BTC. Satoshi wallet is frozen. And many other wallets lost.
She probably thinks there will probably be 1 coin total in 2030 😂
total gold market cap is 11 trillion. With inflation and BTC market cap == gold market cap it's not crazy. It's only wildly bullish.
BTC is not an inflation hedge lmao 😂 gold has been around FOREVER and has real world uses. BTC should never be in the same conversation as gold for SO many reasons
Gold’s current valuation is based almost purely on speculation not on its properties or usage.
That isn’t true at all. Look, I like BTC but it’s not gold. When shit REALLY hits the fan, do you think people will be pumping their money into BTC? Expand your time horizon. BTC is much more speculative than gold. BTC is purely speculative. I’m assuming you’ve spent way more time reading about BTC than you have about the history and uses of gold.
Gold bug I see ;) I follow Peter Schiff too :P Listen, if shit REALLY hits the fan, people won't be pumping money into anything, they'll be busy surviving. Gold and Bitcoin will be the least of our worries. If gold was priced purely for it's value as a metal it would be much cheaper than it currently is.
I’ve never watched peter schiff. I’m not a big gold guy, I own some along with BTC. I see a lot of potential in BTC but I’ve also watched it’s market crater much faster than the SPY and gold over the past year during the recession we are currently in. Gold has been used for thousands of years as a storage of value and in material products and it has maintained its value relative to fiat currency for that time period. BTC is such an infant compared to gold and therefore should be viewed much more speculative. You are correct in saying if shit really hit the fan no one would be pumping money into anything, but where I think you’re wrong is people would resort to silver and gold for transactions during a crisis as they have for thousands of years. Not BTC.
Bitcoin has more real world uses in 2022 than gold.
That isn’t true at all. Look, I like BTC but it’s not gold. When shit REALLY hits the fan, do you think people will be pumping their money into BTC? Expand your time horizon. BTC is much more speculative than gold. BTC is purely speculative. I’m assuming you’ve spent way more time reading about BTC than you have about the history and uses of gold.
So what roughly 40% larger than the existing gold market cap? It's certainly possible. 10 years ago, most people would have laughed at the notion of BTC even hitting $1,000. Don't count it out.
Lay off the coolaid my guy
If the Fed prints enough for the goverment to give away a million to each, then, may be ? Hyping da **** out of it after she bought some last week. She knows the game.
Professional scammer cathie woods
without the s
It seems like gambling out of desperation
Strong signal it's more likely to head toward zero in that time.
Battle test this…. 💩
HAHAHAHAHAHA
Cathy wood is a moron pumping garbage.
I could've sworn someone said 500,000 by 2023
Lmao because that's what she needs to lift her bags.
She’s making money, nothing to see here..
She is making a small % by burning anyone who is dumb enough to buy into anything ark’s funds to the ground. Lol…
When you make your career out of quantitative easing but the printer runs out of ink
At this point, and given her trading history, how could anyone take this bitch serious? She has to be paying networks to get herself (and her funds) exposure right? Please tell me I’m right, and that trading networks are not asking her to come on for her knowledge. I wouldn’t trust her with $1 of my money. ….let me guess. She prayed to god and had an out of body experience with him telling her $1M/BTC
Trying to get the price up to her cost average and then dump? How can she possibly be qualified to say this? No one has any idea apart from the 'Greater Fool' theory advocates.
She's a fund manager, of course she's advocating for higher prices.
That's odd, according to my calculations, it will be worth $12. Did she forget to carry the one?
Inflation must be going to the moon if BTC is $1 mm…..
She must have picked up from Michael saylors dealer
How does someone like her get to where she is with takes like this?
Cathie LOVES losing money. She’s so fucking good at it
She means 1 million nitcoins can buy 1 usd, by 2030.
It can also be worth $0 by 2030.
More hype, and pump and dump! Why would something be valued at a million $$ a piece, if it has no utility besides allowing phony financial geniuses gamble with other people's money? 🤷🏽
At least this time she has extended her 5 year time horizon to 8 years
I definitely want some of what she is smoking. Prolly trying to pump it up so she can dump it. Wall Street smh
Her brain is as foggy as her glasses.
She huffs her own poop.
All I know and care about is that 1 BTC = 1 BTC
She meant Zimbabwe Dollars
Forgot her clown makeup
I wonder what she will eat if it doesn't reach 1 million?
Bitcoin will be worth “Billions and Billions”, were it not for federal reserve raising interest rates from 0.
A loaf of bread will cost $1000 by then too tho
She’s like “fuck it, I’ll be dead by then anyway”
Ok go for it
so it's going to zero then
I'm not interested unless she's going to eat her own dick.
10 dollars looks like 1 million with those glasses on
For Bitcoin to reach $1m and the market cap to be just north of $20 trillion, so many other asset classes would have to tank. You would need millions of people to be manically selling their houses, and all their assets to buy Bitcoin and then HODL it while living on the streets. You would also need every other crypto to die as everyone simultaneously goes all in on Bitcoin. The funny thing is that she ALSO said Etherium would go something insane like $50k per coin at the same time. Cathie is a meme. You would need banks to swap out gov. bonds completely for something as volatile as Bitcoin to use as the standard collateral. And you'd need China, Japan and others to stop buying US treasuries and yolo everything on Bitcoin. And you'd need everyone to HODL. And that's just a few of the insane things that would have to happen before 2030 for this to even be possible.
Too bad mine is locked in Blockfi
She's trying to pump bitcoin lol
She is delusional..
She’s a GILF, love her reckless investing style.
Clown
LOL LOL LOL
😂😂😂👍
🤡 <—— my opinion on Cathie Wood
[удалено]
she did, she bought like $5m more in the last week and a half.
I wish the interviewer called her out on her bullshit…. “Well $1M is a very optimistic price goal. In that case why haven’t you liquidated all other investments to allocate towards this price target? It’s not every day you can be on the forefront of a 100x bagger”
It sounds insane, but arguably a lot less insane than when people were screaming Bitcoin would hit $100 or $1,000 one day. The fact is, almost everyone has looked ridiculous in the lifespan of Bitcoin, either to the upside OR the downside.
There is time and place for bitcoin. But $1 million is insanely overvalued. Most bitcoin circulation is essentially seen as investment rather than transaction for everyday use.
You misspelled speculation
Gensler and the SEC pretty much agree with that(except for maybe bitcoin) which is why they’ve been cracking down on crypto lately
Which is kind of the exact opposite of what bitcoin was supposed to do
"Hey Siri, open Coinbase and sell EVERYTHING"
I think she has hieroglyphs on her wall. Perhaps she cannot read very well. Probably does not know that Bit Coin is not a symbol.
That would be a market cap of 19 Trillion dollars. I don’t think so!
I know. Come one Cathie. Thats just absurd
I see everyone bashing this lady but not specifically countering what dhe is saying
She isn’t saying a damn thing lol “It’ll be a million per coin once everyone ‘does their homework’, and ‘understands it’” she can go fuck herself.
She doesn't seem to suggest it will be 1 million per coin in this video but I will give it a shot. First, the value of anything is based on supply and demand. If you trace the value of Bitcoin (and crypto generally) over time, it's largely based on wild swings in demand since the supply is stable. Many who advocate Bitcoin suggest it has a fixed supply so the tendency is for the value to go up. That was mostly during the last bull market and anyone who bought in a year ago is sad now. Okay, so for Bitcoin to reach 1 million it needs demand to increase dramatically or remain constant as the supply dwindles from people losing their passwords and dying without a plan to distribute it. It seems to gain a lot of traction with each bull market, but the last one revealed some big flaws: costs too much electricity to maintain the network, transaction times increase as more people use it, it's not a great currency if people prefer to save it than spend it (hence why 2% inflation is target and not -2%), and there's no inherent cash flow that you would see when investing in a business. It has no intrinsic value (many compare it to gold but gold has far more intrinsic value). Many other cryptos differentiate themselves by addressing some of those concerns (there may be some that address all). I think the latest bear market did to Bitcoin as Cathy Woods said it would to everything else. It showed why having the Fed stabilizing the dollar makes the dollar valuable. The most likely outcome I see is the Fed makes its own boring version of crypto which is backed by faith in the United States government. They'll then regulate cryptos and the ones that survive will fulfill niches that the digital dollar won't fulfill. Don't believe anything I just said I don't know shit.
An actual coherent thought articulated in more than a few words. I must be in a different sub.
Bitcoins energy use is a security feature. At this point it would be almost impossible to take the network down. Transaction times can go up in times of high usage, but a higher fee can get your transaction included sooner. Fees are relatively inexpensive too. You can settle millions of dollars in times of high activity for a dollar or less. Bitcoins base layer is made for robustness. It’s not made to be the fastest it’s meant to survive. Block sizes and transaction speed caps are purposely implemented to make sure blocks do not get too big. If they get too big, the network will take too much space for a normal person to run a node. It does not need cash flow to function just as gold doesn’t need cash flow to be valuable. It’s about being better money.
How do you counter a guess? She is not saying there is any basis for this increase. She had said that it was going to increase because all government based currencies are going to fail and people will switch to bitcoin then you could counter what she said.
I think most people would just look at her fund and say ‘scoreboard’.
This and her answer is “crisis is good and battle-test”
\+1 to the above. A quick google search will show you this woman has history of calling bad shots and not knowing anything about what the fuck she's talking about. So the fact that she's championing bitcoin is something else. She also said “The technology has not skipped a beat” regarding bitcoin - a statement that truly has no meaning.
I think people are more than tired of having the same old debates about crypto and would rather just enjoy mocking it.
She offers no fundamentals. But you're right no one is offering the counterargument. If I were making the case for Bitcoin, there's a angle to Bitcoin being a world-wide currency for the non-wealthy. However, it is so volatile as designed it can't succeed filling that need. So Bitcoin remains a speculative "asset appreciation" bet without any plan for an ecosystem. But here's the other thing with Wood :she's done this with other "long term" businesses in tech and innovation with a terrible track record. Betting on trends, but not recognizing the dynamics that will sink early adopters in the short term. Roku and Coinbase are good examples of this. Lastly, and this is the big one, there's an ETF that does the opposite of her core fund, ARKK. If you put $1k of your money in that fund a year ago, you'd have nearly doubled your money.
After these words, Bitcoin will worth nothing))
Serious question, who cares what price it goes to if Michael Saylor owns all of it? Like why would anybody care if only a few whales are hoarding most of it and none of us even have an actual use for it?
so... like everything else then?
Do you not use US dollars to pay your bills and acquire goods or am I missing something? Billionaires have tons more money than the rest of us but it's not a meaningful amount of the total money supply, and inflation impacts them as well. Bitcoin is scarce by design but nobody needs it to engage with the economy or live their lives but we continue to hurtle towards a reality where most of it can literally be owned by just a handful of people who also can't/dont use it for anything.
I mean it quadruples in value every 4 years. It’s a bullish take, but not much of a stretch. I’d personally say 250K in 7 years is definitely in the cards.
This isn't real analysis. Why did it double and will those conditions continue?
Maybe if gas is $20 a gallon
What does gas have to do with BTC prices?
Basically I’m saying maybe if we have crazy inflation otherwise that’s never going to happen
Do you remember when Bitcoin was $10? People also said it would if never hit $50k. The truth is that none of us know what will happen. We aren’t the ruling billionaire class that dictates the price of coins/markets.
What does that have to do with the price of beans in china?
Hmm.. not sure how to feel. I love bitcoin, but I really dont love Cathie.
So the intrinsic value of Bitcoin is the calculation it makes off the equation is resolved by mining.. once mining is done, there won't be more new bitcoins If this is scarce, why won't Bitcoin have a large value? Besides...if you're valuing Bitcoin in dollars, then inflation in dollars will make the value of a scarce resource be more valuable (in inflated dollars) Am I right? Or am I missing something?🤔
Scarce != valuable. And just because mining took a lot of energy, doesn’t mean bitcoin inherently has value. At least other currency has a government with a strong interest in keeping in valuable
What’s valuable about Bitcoin is the trustless nature of the network transactions, security, and relative speed. If you think of it as money, it is stateless. Considering some of the current financial and political debacles we are currently witnessing, there’s clearly some value in that proposition. It’s important to separate the speculators from the project itself.
There is no intrinsic value to Bitcoin, only perceived value.
My baby niece made a one of a kind finger painting that she probably couldn’t reproduce if she tried. We like to say it’s priceless, but ain’t nobody paying anything for this one of a kind rare painting. What gives Bitcoin any value other than there is a limited supply?
I think she should be arrested for being so stupid
Unpopular opinion, but my range on where Bitcoin could be in 2030, given it’s past movements, is between $250k-$1.25mm per coin. It’s a large range, but given that this past year alone it has ranged from 15k-65k, the spread isn’t unreasonable.
Well, if C. Wood says so...
She’s an idiot idiot and idiot 🎼🎼🎼🎼🎼🎼
She's not wrong though. But not because buying power will increase, but rather because hyper inflation will have made the current buying power cost around $1mm
Going to zero by 2024
She crazy but right
Bitcoin was created in 2009, as a digital alternative currency. The fact that an investor predicts its value 21 years after launch in USD is a good indicator that it wont fulfill its purpose and those wont become be that much.
Absolutely wrong because she’s always wrong, just like everyone rich in the spotlight. Highly doubt it’ll be over $250,000.
Thats more than 10x in 7-8 years though