The founder and CEO of ARK Investment Management LLC and a reputable investor, Cathie Wood, was a guest speaker at the Hong Kong web3carnival.focusing on flaws, she talked about crypto and blockchain technologies’ advantages and voiced her point of view. Wood’s statement articulates that Web3 space is going to be shining in the future as well as Hong Kong initiatives add to the album of the favorable posture revealing city’s activity in regulation issues.
Cathie Wood champions web3 as the future of the internet
At the event, Cathie Wood spoke to the audience and presented the gains she has gained from cryptocurrency and blockchain experience. As far as she is concerned, Web3 is the next stage on the Internet road, blockchain technology-driven and principle-binding. Wood underlined the sector impact of such a technology and urged for its broad global promotion, which encompasses finance and e-commerce.
Wood mentioned the latest Sony and Polygon investments as examples of a combining trend, the consequence of which could involve novel and breakthrough product designs and user interface.
The conversation also tackled the latest postestablishment aspects such as the verification of the Bitcoin Spot ETF’ in the USA. More importantly, it was Wood’s opinion that this would be the bridge between institutional investors and the Bitcoin asset class, which would, in turn, reinforce the idea that the fluctuations of its price were more stable and would lead to the wider acceptance of Bitcoin as the mainstream currency.
Cathie Wood praises Hong Kong’s Crypto regs, predicts $1.5M Bitcoin”
While Hong Kong was singled out for praising the robust regulatory structure for digital asset trading which is overseen by the Securities and Futures Commission (SFC) among others, this approval was made on account of the wide regulatory scope applied to this sector of the economy by these bodies. The leader applauded city’s transparence and its initiativity to be a model region leading the way in the crypto world for other areas eager to feel the hot spot of crypto environment.At this point, apparently reminding about her previous prophecy, Wood shared she believed bitcoin might reach $ 1.5 million, 10 years laters. This expectation of an infrastructure investment shift catalyzed by approved Bitcoin Spot ETF is factored in this parameter. What Wood says about the bright future of Bitcoin describes the fact that she has the highest possible expectations about the technologies performance in the long-run.
Still, Wood was aware that emerging regulative practices in various countries world-wide need to be taken into a consideration. Unexpected regulation might halt drivers of innovation and limit the development of Web3.
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Cathie Wood boosts Crypto outlook at web3 carnival in Hong Kong
Cathy Woods’s pro-web3 attitude and endorsement of Hong Kong’s regulatory approach would signify a favourable fuel for crypto’s evolution and project its possible influx to the institutions. Thus, this decade could be pivotal, as the potential for Bitcoin to surpass the earlier developments in finance, e-commerce and entertainment could make Bitcoin reach unprecedented heights.
Cathie Wood’s presence at the Web 3.0 Carnival in Hong Kong was an enlightening experience in that it yielded interesting future insights on the crypto and blockchain sector. Her optimism, based on pursuing definitive regulatory milestones and a relatively foward-looking Hong Kong position appeals to investors for whom innovation is of paramount value the crypto industry
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