- Cathie Wood predicted that the Bitcoin price would surge to $1 million despite FTX’s bankruptcy
- Cathie Wood believes that Sam Bankman-Fried didn’t like Bitcoin
Cathie Wood, the Ark Investment CEO, believes that the former FTX CEO didn’t like the cryptocurrency Bitcoin (BTC) due to its core features – decentralization and transparency. Recently Wood predicted that the Bitcoin price would surge to $1 million despite FTX’s bankruptcy.
“The Bitcoin blockchain didn’t skip a beat during the crisis caused by opaque centralized players. No wonder Sam Bankman Fried didn’t like Bitcoin: it is transparent and decentralized. He couldn’t control it,” Wood tweeted.
At first, FTX held $3.3 billion worth of Bitcoins, but that figure dropped to 0.25 Bitcoins on the platform before FTX filed for bankruptcy on November 11. In 2021, Bitcoin trading volume on FTX was very high, holding nearly 75,303 Bitcoins.
Last week the CEO of MicroStrategy, Michael Saylor, tweeted that the former FTX, CEO Sam Bankman-Fried, “used stolen and counterfeit money to corrupt the establishment and undermine Bitcoin.”
Recently, Chainalysis released data that shows the funds stolen from the FTX were not sent to the Bahamas Securities Commission. Moreover, $333 million worth of FTX-related Bitcoins have disappeared.
Source: https://www.thecoinrepublic.com/2022/12/13/ark-investment-ceo-says-the-former-ftx-ceo-dislikes-bitcoin/