Kathy Wood, CEO of Ark Invest, recently spoke about market expectations and took the opportunity to show her admiration for bitcoin and the ecosystem of industries that are evolving around cryptocurrencies.

in her talk With Yahoo Finance, financial expert Cathy Wood confirmed that the future looks bright for the cryptocurrency world.

Wood does not agree with the criticisms of billionaire investor John Paulson, the latter, who described Bitcoin and cryptocurrencies as the largest and dangerous fraud and does not advise anyone, as he believes that it will return to zero.

His statement came a few days ago to Bloomberg that in his view, cryptocurrencies should reach zero, and added:

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I would have a lot of people who would disagree with this, but I think you shouldn’t invest in cryptocurrency.

Ultimately, I believe that cryptocurrencies, no matter where they are traded today, whether they are going up from here or down, will eventually prove worthless.

Wood responded that Bitcoin has managed to overtake gold as a store of value in this digital age, and added:

What we (Ark Investment) think is missing about cryptocurrency is that it is much more than a store of value or digital gold.

Bitcoin is a new global monetary system that is completely decentralized and not subject to the whims of policy makers.

Kathy Wood believes that the crypto world is far from a bubble.

She also spoke about her investments in Coinbase and Robin Hood, two of the leading regulated trading platforms in the USA.

Initially, she said that Robin Hood’s switch to cryptocurrency has proven to be very positive for its business model, and although the SEC may try to exercise more control, it doesn’t expect any negative changes to worry investors in the near future.

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On the other hand, Cathy Wood confirmed her satisfaction with her investment in Coinbase shares.

As this is the only publicly traded platform, it represents a global standard for overall compliance.

For Kathy Wood, markets are not in a price bubble.

Wood believes that cryptocurrencies are a generational phenomenon, and that the cryptocurrency industry is growing with the development of technology.

She says she is sure the current uptrend is not over yet and cited forecasts of at least 10 years of overall growth, and went on to explain:

Are we in a bubble? We can’t get away from that.

The average investor doesn’t understand how provocative these next five to fifteen years are, as these S curves feed off each other and usher in exponential growth paths we’ve never seen before.

Bitcoin and Regulations:

Cathy Wood says she does not want to bring down the current financial system.

On the contrary, it advocates careful regulation as a key factor for the growth of cryptocurrency adoption on a global level.

For Cathy Wood, regulation is a good thing.

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However, she stresses that the main problem is the lack of consensus among the various regulatory bodies about the nature of cryptocurrencies, and she comments on this:

If regulators get together and agree on what exactly these cryptocurrencies are, and how to define them, that would be a good thing.

Certainty would be a good thing for this ecosystem.

At the moment, the US cryptocurrency industry is facing a delicate situation precisely because of the diversity of standards among regulators.

A controversial bipartisan $1 trillion infrastructure bill could pose very significant risks for crypto companies looking to establish themselves in the country.

Also, the expectations surrounding the US political landscape have a strong impact on the cryptocurrency markets.

Technology may be moving faster than politics right now, but in the end, the two will meet.

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