I think it is an anti-fragile asset and every one of these crises strengthens it the network becomes stronger and healthier the price is extremely volatile as is the case with most uh Innovations and new technologies in their early days we think that the entire ecosystem is going to appreciateFrom one trillion dollars today to 25 trillion dollars by 2030. Kathy Wood is an American businesswoman and investor who is the founder and CEO of Arc invest Kathy Wood has a proven track record of managing assets worth over 60 billion dollars wood and her team at ARK invest areOften cited for their successful predictions and early investments in companies that have gone on to see significant growth one of Woods's most successful predictions was her early investment in Tesla the electric car manufacturer arkhinvest was one of the First Investors to see the potential in Tesla and wood and her team began buyingShares in the company in 2013 when it was trading at around ten dollars per share today even after collapsing 60 Tesla is one of the largest and most valuable car companies in the world with a market capitalization of over 500 billion dollars as of May 2023 Tesla stock price is up ten thousandPercent since Kathy Wood first bought shares wood has also made successful predictions in other Industries such as genomics Robotics and artificial intelligence Arc invest was an early investor in companies such as crispr Therapeutics a gene editing company Kathy Wood has been a long-term believer in Bitcoin and has consistently arguedThat it has the potential to disrupt traditional Financial systems in a recent interview wood stated that she believes Bitcoin could reach a price of five hundred thousand dollars per coin in the next five years and ultimately one million per coin because the opportunity and potential for disruption is huge approximately 25 trillion dollarsKathy says the last year was bad for Bitcoin because of other less transparent companies pulling the rug out from under innocent investors but in 2023 this has changed Kathy Wood says now is the time for individual investors to start investing as little as two hundred dollars per month to become a millionaireKathy Woods's 1 million per Bitcoin prediction is based on her belief that Bitcoin is a better store of value than gold and that institutional adoption of Bitcoin will continue to drive its price higher what has also been bullish on the potential for Bitcoin to be used as aMedium of exchange citing its speed and low transaction fees as key advantages over traditional payment methods she has argued that the increasing acceptance of Bitcoin by merchants and consumers will help to drive its adoption and its price higher over time Kathy is known for her bullish views on decentralized cryptocurrencies such asBitcoin and ethereum she believes these cryptocurrencies have the potential to disrupt traditional Financial systems and create new economic models that are more transparent and efficient wood has spoken at length about the benefits of decentralized cryptocurrencies such as their ability to provide Financial Freedom to individuals and bypass centralized control of governments and financialInstitutions she's also praised the blockchain technology that underpins cryptocurrency for its potential to create more secure and transparent Financial systems in addition to bitcoin and ethereum wood has also expressed interest in other decentralized cryptocurrencies such as Solana and polka dot which she believes have the potential to disrupt traditional Finance in other IndustriesHowever while wood is bullish on decentralized cryptocurrencies she has also cautioned that the market can be volatile and that investors should exercise caution she has emphasized the importance of diversification and long-term thinking when investing in cryptocurrencies as well as the need to stay informed and educated about the latest developments in the industryOverall Kathy Woods views on decentralized cryptocurrencies are positive and she sees them as a key part of the future of finance and Technology last year was a terrible year for crypto and but why was it such a bad year um the the first reason was stable algorithmic stable coins we didn'tBelieve in those at all they weren't rules based and so that was the Terra Luna Fiasco so you have to do your research in this space uh and not uh and not try to ride a dream of some sorts but then if you look at Celsius 3ac FTXAll of them went bankrupt why why they were centralized and opaque not transparent at all in fact Sam bangman freed so SPF as everyone came to know him he didn't even like Bitcoin he didn't like Bitcoin why not Bitcoin is totally decentralized completely transparent and auditable uh he couldn't control it heCouldn't control it and of course he thought he was a Master of the Universe um so Bitcoin actually and ether neither not neither Bitcoin near it nor ethereum those two networks skipped a beat throughout all of those controversies all of the transactions cleared all of the margin calls that were a part ofSmart contract they were satisfied so actually those crises proved the concept now we come to the banking crisis this year uh just think about what a proof of concept this is decentralized transparent audible networks didn't skip a beat and here we had you know stocks halted in the stock market in theRegional banking space uh because there were there were Bank runs taking place um that that of course was not happening on uh on these decentralized networks uh and so I think that uh as you say digital goal um has now uh gained even more credibility it came out of the lastCrisis the 0809 crisis is when Bitcoin emerged and it took another crisis for others to understand oh wow maybe our banking system isn't as thought as safe as I thought it was and maybe I need a hedge against that uh Bitcoin is a very good hedge it's a great insurance policyI think it is an anti-fragile asset and every one of these crises strengthens it the network becomes stronger and healthier and we have metrics to manage that the price is extremely volatile as is the case with most uh Innovations and new technologies in their early days there's a lot ofUncertainty why and this is a perfect example there's the Old Guard and they're trying to say we're going to wipe this Innovation off the face of the Earth it has no reason to exist and The Innovation just gets stronger and stronger and stronger with time and ifYou look at the measurements of the health of the network the Bitcoin work Network the ethereum network uh their their health has actually improved through all of uh all of this turmoil so that that's essentially what I would say and you know we we think that crypto isIs three Revolutions in one one is the money Revolution which is what we're talking about here uh when we talk about Bitcoin and uh that could be the biggest of the revolutions the first Global private private no government interference uh a digital rules-based monetary policy with no central point of failure whoKnew Silicon Valley Bank was going to be a central point of value of failure nobody it's shocking but I will tell you just in terms of setting this up a bit or the second revolution let me do this first second revolution is a financial services Revolution and that's called D5Many people call it D5 ethereum is the network most used for this um uh Chris bernisky who was our first analyst would like to name it the internet Financial Services uh Revolution uh that that way more people will understand it defy sounds gimmicky and and I agree that might be so but weDo think that it's going to uh revolutionize financial services and collapse the cost and then the third Revolution web 3 metaverse uh is effectively for the first time digital property rights that's a big idea too so we think that uh crypto that the entire ecosystem is going to appreciate fromOne trillion dollars today and bitcoin's just a little less than half of that to 25 trillion dollars by 2030. these are very big Ideas now to get to the economics part of this the reason we're going through this crisis uh is two serious mistaken assumptions that Banks and Bank examiners have madeAnd also that the FED has made uh the first is that interest rates after we went through covid and we were worrying about a depression Banks said they were flooded with cash from the stimulus programs and so Banks put it to work in long-term interest rates which at theTime were only really one one and a half percent because they thought the economy was going to be shut down for a very long time and the FED told them that it thought that the economy was going to be down and out for quite a while so theyPut money into Securities at one and a half percent and never dreaming that the FED would raise interest rates by 19 fold in one year well that happened that has never happened in history in fact the biggest increase that we have seen uh in a shortPeriod of time was twofold back in the early 80s under uh fed chairman volcker when he was trying to strangle inflation but 19-fold this would be uh this is you know a a magnitude earthquake we have never seen uh in the spiritual system the economic measures that the FED isBasing its policies on are uh old they're based in the Industrial Age and they get revised in major major ways as technology begins to inform them that wait a minute uh we're not measuring this correctly and so we think they've been relying on lagging indicators