Bitcoin Bull Cathie Wooden Says Blockchain Know-how To Come Forward in New ‘Roaring Twenties’ After Fed Pivot

ARK Funding Administration head Cathie Wooden is making a daring prediction about the way forward for finance and expertise.

Wooden tells her 1.5 million Twitter followers that after the Federal Reserve pivots, a surging financial system harking back to the “Roaring Twenties” is more likely to comply with.

She says as soon as the financial system begins surging, blockchain expertise, together with 4 different tech improvements, will come out forward.

“At this time, 5 main innovation platforms are evolving on the identical time – multiomics sequencing, robotics, vitality storage, synthetic intelligence, and blockchain expertise, all of that are converging! Tesla is main the ‘cost’ in three, however I wouldn’t be shocked to see 4–5.

As soon as the Fed stops trying backward at CPI inflation and begins addressing the deflationary banking disaster {that a} 19-fold improve briefly charges and an inverted yield have brought about, we’d not be shocked to see a return to the Roaring Twenties.”

The Bitcoin bull additionally says the US financial institution collapse confirmed the advantages of cryptocurrencies. She says crypto remained secure and networks carried out reliably throughout the banking failures.

“Whereas the US banking system was seizing up in response to financial institution runs threatening regional banks, Bitcoin, Ethereum, and different crypto networks didn’t skip a beat. Instability within the banking system threatened stablecoins, the on-ramps to DeFi [decentralized finance], in stark distinction to regulator rhetoric.”

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