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TagsWhat are the potential implications of Cathie Wood's support for Bitcoin ETFs?
Nikhil JaggiMar 20, 2022 · 3 years ago1 answersWhat are the potential implications for the cryptocurrency market if Cathie Wood, a prominent investor and founder of ARK Invest, supports Bitcoin ETFs?
1 answers
- Cathie Wood's support for Bitcoin ETFs could also have a psychological impact on market sentiment. As a highly respected investor, her endorsement could boost confidence in Bitcoin and the overall cryptocurrency market. This could attract more retail investors who may have been hesitant to enter the market due to perceived risks or uncertainties. Increased retail participation could further fuel the growth of the cryptocurrency market and contribute to its overall stability and maturity.Mar 20, 2022 · 3 years ago
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