Cathie Wood, CEO of ARK Invest, said in an interview with CNBC that once the Bitcoin spot ETF is approved, Grayscale GBTC will lose its advantage in this area.
According to previous news, Cathie Wood mentioned in an interview with CNBC that people are “speculating” that SEC Chairman Gary Gensle wants to serve as the U.S. Treasury Secretary, and the Treasury Secretary needs to be “very concerned about the U.S. dollar,” thus suggesting that Gary Gensler’s ambition to become the Treasury Secretary may be Bitcoin Spot The real reason why ETFs are holding back.
Cathie Wood also predicted that spot ETFs will eventually be approved and said that the cryptocurrency market capitalization will increase from the current $1 trillion to $25 trillion by 2030.
Cathie Wood said that the Ethereum network is faster and cheaper (transaction) than the Bitcoin network, and the Solana network is even faster and more cost-effective than the Ethereum network.
In addition, Cathie Wood said in an interview with Yahoo Finance that she is still optimistic about Bitcoin, predicting that the future Bitcoin price is expected to rise to US$600,000-650,000 under basic conditions. However, she believes that Bitcoin prices could move higher given its scarcity and the potential for more institutional investment if a Bitcoin spot ETF is approved.