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All Hell Is About To Break Loose With Bitcoin | Cathie Wood
Key insights
💥
"We're in a very interesting environment and it's caused by monetary instability around the world."
💻
Anyone with a connection to the internet can establish or buy an insurance policy in the form of Bitcoin, reflecting the growing accessibility and adoption of cryptocurrency.
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The monetary growth rate at an annual rate is about 8%, possibly closer to 6%, showing the volatility of M2 growth.
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The sharp deceleration in M2 growth after the COVID pandemic has led to unpredictable monetary policy and potential excesses in the system.
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All hell broke loose around the world when the line dropped by 2-3%, indicating the potential impact of Bitcoin on global financial stability.
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Argentina recognized the black market currency rate was correct, revealing the impact of monetary instability around the world.
💰
The bull market in Bitcoin is not over, and there is potential for future investment in digital currencies as insurance against traditional assets.
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