Wood Cathie, the CEO of Ark Invest, has built a reputation as one of the most Frankish defenders of the crypto industry. In recent remarks, she clearly indicated that even if she sees the value of the Ethereum ecosystem, her conviction lies most strongly with Bitcoin. Her position is rooted not only in her most recent statements, but in a coherent story that she has developed over the years.
Bitcoin is pure cryptocurrency
While speaking on The Podcast Master Investor organized by Wilfred Frost on YouTube, Cathie Wood reiterated its conviction that Bitcoin is pure cryptocurrency and described it as the monetary system based on global rules. She noted that the Bitcoin Blockchain was never hacked, which distinguishes him from other networks. She also expressed her concern about the fact that Ethereum could lose domination while layer 2 solutions capture more activity and fees.
“In fact, Bitcoin has the cryptocurrency space for pure crypto,” she said. “We think it will be by far the greatest,” she continued.
Despite his preference for Bitcoin, The wood has softened a bit towards Ethereum in some respects. She recognized the importance of Ethereum in decentralized finance (DEFI) and said that she played a very important role in the ecosystem. However, this importance could be undermined by other layer 2 networks such as the Coinbase base, which will be contributed with each other.
Previous declarations and views on cryptographic assets
More recently, Cathie Wood praised Ethereum scaling techniques to the zero knowledge scale (ZK), even if she admitted that she does not completely grasp all the technical details.
“I cannot say that I understand all the details, but the Ethereum Foundation seems to offer the right movements for scalability and confidentiality”, ” She said about The social media platform X.
At the same time, the CEO of Ark Invest has also noted new protocols and chain derived platforms like Uniswap like those to look at. She compared the hyperliquid to the beginnings of Solana and noted that he had promising potential.
However, it was clear that all cryptocurrencies do not gain confidence. Wood openly said that she did not believe in the vast majority of tokens circulating on the market. Instead, her conviction is based on some basic active ingredients which, according to her, will dominate in the long term. In his opinion, Bitcoin, Ethereum and Solana separate like the three large ones.
“These are the three big ones right now,” she said.
She recognized the importance of stablecoins but also noted that they did not belong to the same category as these leading cryptocurrencies.
Ark Invest, through its Ark 21Shares Bitcoin Etf (ARKB), holds 43,799 BTC worth $ 4.91 billion. Wood Cathie made solid and repeated predictions for the future value of Bitcoin. Back in May, She reaffirmed her belief This bitcoin could exchange up to $ 1.5 million by 2030.
The company also maintains an exhibition in Ethereum, including posts related to Bitmine immersion, of which the recent frenzy of Ethereum has made it the largest Ethereum cash in the world.
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