Why SBF Dislikes Bitcoin According To Cathie Wood!

Why SBF Dislikes Bitcoin According To Cathie Wood! 

Ark Invest CEO Cathie Wood has recently expressed more of her bullish views on Bitcoin, claiming that BTC’s decentralized nature and transparency are the very reason why former FTX CEO Sam Bankman-Fried disliked it.

SBF ‘Couldn’t Control’ Bitcoin

Despite the current chaos within the crypto community caused by the collapse of crypto exchange FTX, Cathie Wood tweeted pointing out how the Bitcoin blockchain continues to remain standing unlike many other centralized players.

Wood also goes on to say that this showcases just how decentralized and transparent the Bitcoin blocchain is. The Ark Invest CEO also claims that Bitcoin’s transparency and decentralized nature makes it difficult to control, which is the very reason why centralized players like FTX’s former CEO Sam Bankman-Fried disliked it.

“The Bitcoin blockchain didn’t skip a beat during the crisis caused by opaque centralized players. No wonder Sam Bankman Fried didn’t like Bitcoin: it’s transparent and decentralized. He couldn’t control it.” Cathie Wood tweeted.

Related: SEC Issues New Guidance For US Companies To Disclose Crypto Exposure

Woods Prediction For BTC

Cathie Wood herself is well-known to be a Bitcoin enthusiast, often expressing her bullish views for the future of the cryptocurrency in multiple interviews.

The Ark Invest CEO has also often voiced her prediction that Bitcoin’s price will surge to a whopping price of $1 million by the year 2030. “We think bitcoin is coming out of this smelling like a rose,” Wood claimed.

Wood argues that although the downfall of FTX may have delayed institutional investors’ willingness to dive into the crypto market, it can also serve as a learning opportunity to many of these investors.

“And once they actually do the homework and see what’s happened here, I think they might actually be more comfortable moving into bitcoin, and perhaps ether, as a first stop because they’ll understand it more,” Wood said in an interview with Bloomberg earlier this month.

Related: Ethereum Devs Reveal Target Date For Staked ETH Withdrawals!

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