Bitcoin Bull Cathie Wooden Says Blockchain Expertise 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 know-how.

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

She says as soon as the economic system begins surging, blockchain know-how, together with 4 different tech improvements, will come out forward.

“At this time, 5 main innovation platforms are evolving on the similar time – multiomics sequencing, robotics, power storage, synthetic intelligence, and blockchain know-how, all of that are converging! Tesla is main the ‘cost’ in three, however I wouldn’t be stunned 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 prompted, we’d not be stunned 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 steady 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.”

Generated Picture: Midjourney