Last year was a terrible year for everything crypto. But if you think about what happened, it was the centralized opaque players who went bankrupt. And what did we see from Bitcoin? Bitcoin is completely decentralized and transparent. It started because of 0809, the lack of transparency in the traditional financial services ecosystem. In the last three years, the responses to COVID, the fiscal and monetary responses that in many countries are causing hyperinflation and fiscal crises, we're seeing protests and riots all over the place. Well, where do these people go for an insurance policy against an implosion in their purchasing power and wealth? It is in something like Bitcoin.
Ark Invest CEO and CIO Cathie Wood discusses Fed policy, cryptocurrencies and investing in technology. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.
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