.CathieDWood remains super bullish on Bitcoin
“You know, sometimes you need to battle-test, you need to go through crises to see the survivors first of all,” said the noted investor.
Wood has admitted that the ongoing debacle is likely to delay institutional adoption. High-profile investors will step back to figure out whether they really understand Bitcoin. However, the superstar investor is convinced that institutional players might even end up being more comfortable with Bitcoin after doing their homework. “Once they actually do the homework and see what’s happened here, I think they might be more comfortable moving into Bitcoin and, perhaps, Ether as a first stop,” she added. Wood is convinced that institutions actually have to gain a better understanding of the two largest cryptocurrencies.
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