Bitcoin and DeFi remain hot topics in the world of finance, and it seems that Cathie Wood is still bullish on both. In a recent interview, the CEO of Ark Investment Management shaded SBF, the French asset management firm that recently criticized the risks associated with DeFi.
“We have a lot of respect for SBF, but we think they’re wrong on this one,” Wood said. “We believe that Bitcoin and DeFi have a lot of potential and are here to stay.”
Wood’s comments come amid growing interest in DeFi, which has exploded in popularity in recent months. DeFi, short for decentralized finance, refers to a suite of financial products and services that are built on blockchain technology. These products are often seen as more transparent and accessible than traditional financial products.
According to Wood, Ark has made significant investments in both Bitcoin and DeFi, and the company remains confident in the long-term potential of both. “We have a lot of conviction in the technology behind both Bitcoin and DeFi,” Wood said. “We believe that they have the potential to disrupt the traditional financial system and bring greater access and transparency to the world of finance.”
Despite the optimism from Ark and other proponents of DeFi, there are still many skeptics who remain wary of the risks associated with the technology. In particular, SBF has raised concerns about the lack of regulation in the DeFi space and the potential for financial losses.
But Wood dismissed these concerns, arguing that the benefits of DeFi far outweigh the risks. “Yes, there are risks associated with DeFi, just like there are risks associated with any new technology,” Wood said. “But the potential rewards are huge, and we believe that the growth of DeFi is inevitable.”
In conclusion, Cathie Wood remains bullish on Bitcoin and DeFi, despite the skepticism from some quarters. Ark continues to invest in both, and believes that they have the potential to revolutionize the world of finance.