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Cathie Wood, founder of ARK: Very interested in stablecoin, DEFI and NFT

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Ark is also closely watching the development of Ethereum and has already laid out.

Cathie Wood, founder of Ark Investment Management, commented at Consensus 2021 on May 28 that bitcoin's rise is under way and it's impossible to stop it.

She believes that regulators will become more cryptocurrencyfriendly over time, despite recent declines in bitcoin due to comments from Tesla CEO Elon Musk and pressure from the "ESG" (Environmental, Social and Governance) movement.

She predicted,Central banks will start buying cryptocurrency assets to use on their balance sheets.In the long term, Musk will be positive for Bitcoin, improving its environmental image.

Prominent figures such as Lawrence Summers and Ray Dalio have recently warned that government and central bank spending could push inflation higher this year. But Cathie Wood, known for her opposition to conventional wisdom, says deflation is more likely. She expects commodity prices to fall "dramatically" and technologies such as artificial intelligence and blockchain to help drive down the cost of doing business.

「随着时间的推移，我们认为通货紧缩的可能性要大得多。我知道大多数人认为这很疯狂，考虑到目前的情况。但我们已经看到一些大宗商品价格出现了下跌。这进而可能导致新兴市场、甚至欧元区的一些政策制定者采用包括比特币在内的硬通货。」

"In emerging markets, if commodity prices fall, many emerging market currencies will come under pressure," she said. "I wouldn't be surprised if some emerging market central banks started accumulating bitcoin... because they know their currencies are depreciating and they will be attacked as their reserves fall."

Dalio told Consensus this week that Bitcoin could become a victim of its own success, so successful that governments will try to ban it because it has become a competitive threat. But Cathie Wood says governments have recognized thatInnovation is the key to long-term growth, and technology, be it cryptocurrencies or the Internet before them, can't really be stopped.

"They're all trying to say, 'Let's have a better regulatory footprint here so we can attract more innovation.' I think that's going to happen in cryptocurrencies, or it's already happening," she said.

Wood said she was "very pleased" to see Gary Gensler and Valerie A. Szczepanik as the new chairmen of the Securities and Exchange Commission. Gary Gensler is known for his openness to cryptocurrencies. Valerie A. Szczepanik is director of the SEC's Center for Innovation and Financial Technology Strategy.

Wood argues that Bitcoin has proven itself as a store of value and a way to prevent wealth from being expropriated. With the introduction of Layer2 solutions like Lightning Network, it has the potential to become a settlement network, she said.

But ARK is increasingly focused on Ethereum, investing in Grayscale's Ethereum Trust and hiring Ethereum miners for its fintech analytics team.

"We are interested in stablecoin, DeFi and NFT.We're also very interested that developers are moving [to Ethereum] very quickly. I always say to our analysts, "Track the developers and see what they're doing, because that's a very clear signal," concluded Cathie Wood.