Cathie Wood Says Crypto Bear Market May Be "Close to the End"
It's been a rough few months for crypto investors and many people want to know if the end is in sight. Lead crypto, Bitcoin (BTC) is down over 50% from its November all-time high, and other cryptos have lost even more value. As is often the case with cryptos, expert predictions vary wildly. Some are sure we'll see further collapse while others foresee rallies to new highs. Ark Invest's Cathie Wood is optimistic.
Here are the two main reasons she is positive about an end to the crypto bear market:
She thinks the correlation with stocks is an exception to the rule.
She foresees an end to the hawkish moves from the Federal Reserve.
Here are the two main reasons she is positive about an end to the crypto bear market:
She thinks the correlation with stocks is an exception to the rule.
She foresees an end to the hawkish moves from the Federal Reserve.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
KagamiT : Hmm 90 today?
000000000 : she's optimistic on her funds too since last year end.......
TRIUMPHANT RETURNS : Cathie will say it will make huge gains in another 5 YEARS meanwhile it keep dropping , 5 years later it recover to what is Today price.NEVER TRUST anyone who use the number 5 in her words flagrantly...if she had knew anything 1 year in advance...her ark funds ll hv scoop from the bottom of every dip.
Mario Timberlake OP KagamiT : aha?
Mario Timberlake OP 000000000 : hahahaha
Mario Timberlake OP TRIUMPHANT RETURNS :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
RDK79 : Her track record not so good lately.
dustinlint TRIUMPHANT RETURNS : okay let's see you do better than her.... 5 year plan is simply a guide to stop people from panic sellling.... but like I said. If you have all the answers go shoe ur better.
Musky : Current Market is 0.5% increase of interest. Another 1% I foresee her funds go up in flames will be like Tiger Global. Gone.
Point to note. If up to Louis Fed Reserve James Bullard suggest to increase to 3.5% interest gradually. So 1% more is definitely going to hit the market. Anyway Cathie isn’t going to be much bother led about it as she has taken her cut while it last.
102379668 : Crypto will rally once the market turns risk on. I am accumulating Bitcoin , Ethereum, Cardano, Solana , Polkadot, Avalanche , MANA and SAND.
View more comments...