You are currently viewing Cathie Wood Says Central Banks Will Buy Bitcoin

Happy Friday, Blockfolians

The Lede

Pretty good week on the Team Crypto front. Ray Dalio and Carl Icahn both joined the fray. What’s more, permabull Cathie Wood had some really interesting nuggets on Bitcoin while speaking at CoinDesk’s Consensus.

She said:

  • That ESG pressure caused the recent Bitcoin down turn

  • That Bitcoin would thrive even in a deflationary environment

  • That central banks would start buying Bitcoin

Those comments were later aired on cable financial news, showing just what type of influence Cathie has.

The price action may be a little grim, but you can go into the long holiday weekend knowing that the foundations of crypto are stronger than ever.

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Community Commentary

Crypto exchanges are doing insane volume.
Another great one from Arthur Hayes

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That’s the size of the investment round Circle just raised

Final Thought

Long weekend?