"Sister Wood" Cathie Wood: The stock market in 2022 basically ignores innovative examples such as digital wallets and blockchains

Cathie Wood, founder of ARK Invest, presents examples of game-changing innovations that the stock market has largely ignored in 2022, including next-generation Internet such as ChatGPT, connected TV, digital wallets, social commerce and blockchain technology, as well as autonomous technology and robotics , Genome Revolution, etc. Cathie Wood said, “Despite the FTX debacle in 2022, underlying public blockchains like Bitcoin and Ethereum have been running smoothly in processing transactions, highlighting that such public chains are transparent, decentralized and auditable. Decentralized ledgers may be the solution to centralization-related fraud and mismanagement. After the FTX crash, decentralized exchanges’ volume share rose 37% from 8.35% to 11.44%. Total cryptocurrency exchange volume in 2022 A year-over-year decline of 66%, from $1 trillion in 2021 to $357 billion in 2022. However, Coinbase's share of fiat-based exchange volume (excluding Binance International) increased by 18 percentage points from June increased from 22% in December to 40% in December.”