Cathie Wood And Michael Saylor Take A Victory Lap Over Bitcoin Skeptics Coming Around

Taking the stage at the Bitcoin 2022 conference in Miami, MicroStategy CEO Michael Saylor and Ark Invest CEO Cathie Wood argued the case that the environment has never been more bullish for Bitcoin.
The talk centered on how previous bitcoin skeptics are coming around to take positive dispositions towards the asset. Wood highlighted what she saw as a major about-face for Treasury Secretary Janet Yellen, whose commentary and public speeches have consistently warned about the negative implications of bitcoin and other digital assets for financial markets and consumer welfare.
Saylor and Wood see bitcoin as an essential hedge and store of value amidst the current macroeconomic climate, which continues to struggle in the midst of rising inflation, uncertainty stemming from the rising impact of sanctions on Russia, and ongoing coronavirus surges around the world. In particular, Saylor noted, “Although the issues are unfortunate and unpleasant for the world, they each underscore the use case for a global non-sovereign store of value such as bitcoin.”
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