Tom Staudt, Chairman of ARK Invest, believes that Bitcoin It has become a “public good” and should be open to all investors.
“I think ultimately the most important thing is that Bitcoin has become a public good that we want to make available to all investors,” Staudt said.
ARK Invest is one of the asset managers approved by the US Securities and Exchange Commission to launch a Bitcoin ETF to enable investors to buy and hold BTC in their portfolios. The same is true for stocks and mutual fund shares.
Staudt also discussed Bitcoin’s characteristics in terms of portfolio organization and diversification. It claims that cryptocurrencies act as both a hedge against inflation. and is a risky asset that can generate additional returns
“What we see is that Bitcoin can be a risk-on asset. and risk-off This applies both to inflation and deflation fears.”
Bitcoin ETFs began trading on major Wall Street exchanges on January 11, with the Chicago Board Options Exchange, New York Stock Exchange and Nasdaq becoming the first to trade the product. Analyst James Seyffart previously predicted that the Bitcoin ETF could attract $10 billion in its first year.
Previously, in an interview with CNBC, Cathie Wood, CEO of ARK Invest,Corner reinforcementHer view is that Bitcoin will reach $1.5 million by 2030.
refer : cointelegraph.com
picture cnbc.com
The post “Bitcoin is now a public good” Tom Staudt, Chairman of ARK Invest Said appeared first on Bitcoin Addict.