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ARK Investment Management<\/strong>, founder and crypto believer, Cathie Wood,<\/strong>\u00a0says\u00a0that she remains quite optimistic about the crypto world.\u00a0<\/p>\n During the latest “In the Know<\/a>” podcast, Wood talked\u00a0about the volatility in the crypto market and the future of the industry.\u00a0Wood said, “You’ll see our Bitcoin<\/strong> BTC\/USD<\/span> monthly; I would say we’re neutral to positive. We’re waiting for a few more capitulation signals, and, of course, time will tell on the systemic side here.”\u00a0<\/p>\n The recent crypto market plunge has been attributed to many factors. On a macro level, the market uncertainties were primarily due to concerns about inflation, rising interest rates worldwide, and the ongoing war in Ukraine.\u00a0<\/p>\n Also Read:\u00a0Cathie Wood’s ARK Investment Betting Big On Innovation; Largely On Unprofitable Companies<\/a><\/em><\/p>\n However, Wood believes that the current\u00a0downturn assures the crypto industry’s long-term outlook.\u00a0<\/p>\n She said that the transparency of the crypto market could significantly impact traditional financial markets.\u00a0<\/p>\n “What’s happened in the crypto market gives you a sense of why it will work [in the] long run. It’s transparent, and there’s a lot more trust<\/a> in the crypto ecosystem because of the transparency and the over-collateralization than I think there is in the traditional financial markets,” she added.\u00a0<\/p>\n Talking about the downturn, she said that the crypto market alerted us that the pursuit of yield went too far, and there was\u00a0too much leverage.\u00a0<\/p>\n “Hedge funds leverage 10 to one when yields are 2%, so they can reach their return objectives. Maybe there are some problems out there, and we will find out,” Wood said.<\/p>\n<\/div>\n