Cathie Wood: "Paul Atkins Will Protect Digital Property Rights... The Bull Market is Just Beginning"

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YM Lee

Summary

  • Cathie Wood stated that the new SEC Chairman Paul Atkins will have a positive impact on the digital asset market.
  • She mentioned that Atkins will protect the property rights of digital assets and promote market freedom.
  • The market value of Bitcoin still has a high potential for growth, and a full-fledged uptrend is expected to begin.

Cathie Wood, known as the 'Money Tree Sister', emphasized that Paul Atkins, appointed as the new Chairman of the SEC, will have a positive impact on the digital asset market.

On the 5th (local time), Cathie Wood, CEO of Ark Invest, stated on her X (Twitter) account, "Paul Atkins, appointed as the SEC Chairman, will liberate the digital asset world from the pressure of former Chairman Gary Gensler and protect free property rights."

She also predicted that the full-fledged market uptrend is about to begin. Cathie Wood mentioned, "Today, Federal Reserve Chairman Powell referred to Bitcoin as the digital version of gold. However, the current market cap of gold is $15 trillion, while Bitcoin is $2 trillion. Even if Bitcoin surpasses $100,000, we are still in the early stages."

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YM Lee

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