Cathie Wood’s 'Best 3' Crypto Coins For HUGE
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TechTranscript
00:00You know, when we hear Larry Fink of BlackRock saying he wants to tokenize everything,
00:06you know it's big because it takes a lot to move the needle at BlackRock.
00:10Cathie Wood, the CEO of ARK Invest, just shared an insane theory reaffirming that she still
00:17thinks Bitcoin hits 1.5 million in five years. Smash the like button if you're worried about
00:23Bitcoin's price sitting at 80K right now. Listen to this.
00:27I want to start right with Bitcoin and what you see as the outlook for Bitcoin's price.
00:33In recent weeks, you've come out and said $1.5 million per Bitcoin by the year 2030. Since then,
00:39though, we've seen quite a few outflows. We've seen a lot of volatility. Shinaldi just went through
00:43that. Is that still your view? $1.5 million by 2030? Yes, it is our view. I think right now we're
00:52in a risk off period generally. And if you've been watching Bitcoin, it's almost been a leader
00:57in terms of risk on, risk off. So I think that's what we're seeing. If you look at our on-chain
01:02analytics, what you will see is that we are in the middle of a little bit more than halfway through
01:11a four-year cycle. We think we're still in a bull market. And we believe that the deregulation that
01:20we're seeing here in the United States is going to be very important to institutions moving into
01:29this new asset class. Asset allocators have to have a point of view on this new asset class.
01:35And we think by putting it in portfolios, risk-adjusted returns for the entire portfolio
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02:15So why is ARK Invest so confident that Bitcoin is such a good buy right here? See, she understands
02:21what you and subscribers to this channel understand. Three big ideas. Number one, the United States
02:27government is going to continue buying as much Bitcoin as they can in a cost-neutral way. Bo Hines,
02:34Trump's executive director of digital assets, says we want to get as much as we can.
02:39Well, you know, we delivered on the president's promises that he made on the campaign trail.
02:44You know, the president was adamant about creating the SBR. We wanted to make sure that we
02:47did it right in a way that respected Bitcoin for being so unique and also gave credence to
02:53innovation and other spaces in the digital asset world. So, you know, for us here, we look at Bitcoin.
02:59It's not a security. It's a commodity. It has intrinsic stored value. It's traditionally accepted.
03:02It has, as David likes to describe, the immaculate conception. There's no issuer.
03:07And, you know, that's why, as you saw in the executive order, we compared this
03:11to digital gold. It's something that's imperative for the United States to have,
03:16retain, continue to build on. And I think that's worth pointing out that, you know,
03:20the way that this is constructed, we talked about ways of acquiring more Bitcoin and budget
03:25neutral ways that won't cost the taxpayer a dime. And what I like to say about this president,
03:29I think it's high time that our president started accumulating assets for the American people,
03:34which is what President Trump is doing, rather than taking it away. And I think that's one thing
03:38that we really wanted to make clear in this executive order. And we're looking forward to
03:41working with our partners at Treasury and the Secretary of Commerce in order to find those
03:47budget neutral ways in which we can acquire more. You know, I've been asked all the time,
03:50it's like, how much do you want? I said, well, that's like asking a country, how much gold do you
03:53want? Right? I mean, as much as we can get. Number two, Bitcoin sitting at these price levels
03:58with such a bullish macro backdrop is a historic entry point. Basically what Michael Saylor explains
04:05right here. I don't think most people understand this. This is kind of historic entry point because
04:10all of the risk has been stripped off the asset. Like you pretty much know Wall Street's going to
04:17embrace it. The US government's going to embrace it and banks and the US going to embrace it,
04:22which means that all the other banks will embrace it. You already know all those things.
04:26And yet the market is really skittish based upon concerns about tariffs, you know, the disposition of
04:35the US economy, the interest rate forward graph. And so you see the interest rates have pulled in
04:4130, 40, 50 basis points. And we're in this macro risk off zone. When that flips, I think Bitcoin
04:52will rip forward with a vengeance. Number three, Fed rate cuts. Everybody is projecting that the Fed
04:59is not going to cut rates. They're going to continue quantitative tightening is what everybody's
05:04thinking about right now. And while the Fed might not cut rates tomorrow, ARK Invest actually thinks
05:09that the Fed cuts rates more than most people think this year. This was interesting to me.
05:14What do you see as the rate path for this year? The Federal Reserve kicking off its two day policy
05:18meeting today. We're going to hear from Jay Powell tomorrow. How many rate cuts do you see happening
05:21this year, Kathy? Well, we tend not to be very short term in our focus. But if we're right and
05:29inflation is going to surprise on the low side of expectations, we wouldn't be surprised to see
05:36two or three cuts. Now, if you look at an indicator called trueflation, it's probably the broadest
05:42measure of inflation out there. It is saying inflation is down to 1.65 percent, well below
05:51where the Fed is pinning it at roughly the CPI's 2.8 percent. And we believe that the combination
06:00of actually food prices have started coming down. Even egg prices have started to collapse. As a matter
06:07of fact, gasoline prices are coming down. We're seeing some rent prices coming down.
06:12So we think inflation is going to surprise on the low side of expectations for those reasons
06:16and because innovation is inherently deflationary. And our five innovation platforms are all driving
06:25different kinds of deflation, good deflation, which will cause unit growth, but deflation nonetheless.
06:31So we think the Fed is going to have many more degrees of freedom in the second half of this year
06:37than most people think. We could see more than the number I just suggested, two to three cuts.
06:44See, what most people fail to understand is Bitcoin could easily still hit $200,000 by the end of this year.
06:52And this isn't just according to Cathie Wood or me. Matt Hogan, the CIO of Bitwise,
06:57says he's pretty sure Bitcoin hits $150,000, if not $200,000 plus by the end of this year.
07:03There's the strategic Bitcoin reserve. There's the SEC pulling back on essentially every lawsuit.
07:09There's progress on stablecoin legislation. There's talk of market structure legislation.
07:14There was the White House crypto summit. These are game changing, positive developments that
07:19should put Bitcoin trading at $150,000 or $200,000 today. It's been suppressed because in the short term,
07:28this overhang of the economic uncertainty is weighing on the markets. I think if that is released,
07:34we're at new all-time highs quickly and we're on our way to where I think we'll be at the end of the
07:38year, which is Bitcoin $200,000. If we get to Wednesday's meeting and it looks like we're not
07:44going to see much relief from the government here in the United States, what happens?
07:48If it's sort of the tough parent, stiff upper lip thing, I think it's going to be more market
07:53uncertainty. You can see Bitcoin go back to, you know, 72,000 to its previous all-time highs. I
07:59don't think there's downside really below that. I think there's a great deal of support right there.
08:03And overall, there is a lot of risk in crypto. Many coins will fail. Many coins will succeed
08:09if you want to mitigate risk just by Bitcoin, Ethereum, and Solana. At least according to Kathy
08:16Wood, she says these are her top three. Make sure you subscribe to Altcoin Daily for daily crypto
08:21videos just like this. Listen to her talk about how she focuses on Bitcoin, Ethereum, and Solana.
08:28You tell me if you agree with this. Kathy, even some of the people who believe most firmly in the
08:32crypto story here, they are still worried about those meme coins and a lot of retail investors
08:38being stuck holding the bag. And another thing that's happening at the same time is you have a
08:43lot of exchanges looking to loosen their listing standards. Do you worry that this could go too far,
08:48that too many coins that are going to hurt retail investors ultimately will be listed on too many
08:55exchanges? Well, I think that the SEC did a very important thing in declaring these meme coins
09:03not securities. What they essentially were saying is we are not going to regulate them and it's buyer
09:11beware. And so if I have one message for those listening who are buying meme coins, buyer beware.
09:19And I think the message is loud and clear from the regulators. What we think will happen is
09:24there will be some fearsome declines in the prices of some of these meme assets. And, you know, there's nothing
09:32like losing money for people to learn. And they'll learn that the SEC and regulators are not taking responsibility
09:39for these meme coins. Buyer beware of what specifically? Because you did say that you
09:45believe that there are only certain crypto assets that will gain the most spoils. What do buyers need
09:50to be aware of? That the millions of meme coins will probably end up worthless. So when we're talking
09:58about the big three, we're talking about Bitcoin, Ethereum, Solana, the use cases for those are
10:05multiplying. And we think they're going to become very important in the years ahead. Meme coins? Not so.