According to Catherine Woods, CEO of Ark Investment Management and a journalist for the Wall Street Journal, Bitcoin could be a bigger and more profitable concept than Amazon and Apple. Ark Investment is a company focused on innovative technologies, disruptive and sources of profit.
In an interview with PBS reporter Charlie Rose, Chaterine Wood was asked about the future of Bitcoin, DLT (blockchain) and digital currencies in general.
"The capitalization of bitcoin, if we include Bitcoin Cash, exceeds $ 100 billion. It happened, and it happened quickly, it's only a fraction of the capitalization of Apple or Amazon, but we think it's a much bigger concept than either. Chaterine Wood, CEO of Ark Investment
Bankers trolling
The more the course of Bitcoin goes up, the more the general public is interested. During the interview, the discussion focused on the disruptive power that Bitcoin has over banks. It allows the conclusion of transactions without intermediaries, which explains why most CEOs of large banks oppose it. The future of Bitcoin is often seen by these as apocalyptic.
For want of discouraging it, the public opposition of some bankers to the cryptomanies arouses the interest of the general public for Bitcoin. Indeed, the masses finally seem ready to no longer endorse a much too corrupt system that have been in place for so long.
Asked about Jamie Dimon's attitude to Bitcoin, Wood shared his opinion.
"In fact, it fuels public interest [for bitcoin]. You have Jamie Dimon, a character well known to the general public, and Howard Marks of Oaktree and Jim Chanos, all pessimistic. Interestingly, the week after Jamie's comments, James Gorman, Morgan Stanley CEO and Lloyd Blankfein spoke about Bitcoin in a very different tone and I think it's because they're starting to see trading opportunities. Catherine Woods, CEO of Ark Investment