takipçi al - haberler antalya - VooPoo elektronik sigara - instagram türk takipçi satın alma -
Cathie Wood feeling 'a lot better' about crypto, thinks Fed 'panicked' | Live Crypto Prices
Seeking Alpha
2022-07-05 18:45:03

Cathie Wood feeling 'a lot better' about crypto, thinks Fed 'panicked'

High profile fund manager Cathie Wood said she is "feeling a lot better" about the cryptocurrency sector after the drop the asset class saw in the first half of 2022, which has Bitcoin (BTC-USD) trading below $20K and Ethereum (ETH-USD) hovering around $1.1K.The founder and CEO of ARK Invest also contended that the Federal Reserve has "panicked" by raising interest rates as aggressively as it has, arguing that policymakers are more concerned about their historical reputations than about the economy.Speaking on her In The Know podcast over the weekend, Wood said that indicators within the inflation data suggest that "the Fed is making a big mistake" and that "there's already a lot of deflation in the economy."As to the current crypto market, Wood described her position as "neutral to positive" over the near term, with her sentiment boosted by a lack of "another stress signal in the last few days." However, she added that "we’re waiting for a few more capitulation signals."The ARKK Invest founder contended that "transparency" in the crypto ecosystem has exposed broader overreach by many hedge fund managers, who borrowed money at low rates in previous years to boost their returns."It’s like, okay, the crypto market has alerted us that this reach for yield went way too far and there are too many excesses, too much leverage around it," she said.Wood pointed to "hedge funds leveraging 10 to one when yields are 2% so that they can re...

Get Our Newsletter
Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only and procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.