Crypto Markets Are GOING DOWN (Right Time To Buy?) - ft. Chamath Palihapitya and Cathie Wood
Billionaire Tech investor Chamath Palihapitiya, is know to have a measured perspective when everyone else seems to be losing their minds. Keep in mind, Chamath was one of the ONLY top investors giving out warnings to sell off positions towards the end of 2021, as markets were hitting their tops amongst peak euphoria.
A position that he got a lot of flak for, yet with the benefit of hindsight, turned out to be the best course of action at the time.
Well now Chamath is back and reminding investors to keep a cool head amongst all the fear & uncertainty.
Make sure to stick around to the end of the video where I will cover some of the latest on-chain Bitcoin data, to see if it backs up Chamaths investment thesis.
In her Big Ideas report, Cathie Wood of Ark Invest discussed numerous topics, including monetary policy, fiscal policy, market signals, and innovation. Wood was very candid about her stock picks being down 75% at one point, but suggested that the reason for this is because her firm is as close to venture capital firm in the public equity market as you can find. Meaning, in the short term, her stock picks are high risk because she is early but according to her 5-year time horizon, she will win out big. One of the big mantras Wood preached during her 33-minute report was that innovation solves problems and we have a lot of problems to solve in the world right now, to say the least which is why she’s so bullish on her innovation platforms. Wood believes that the geopolitical turmoil between Russia and Ukraine has accelerated the timeline for these innovations to mature and that consumers will turn to innovation to combat everything that is coming, which we have seen a glimpse of with Bitcoin donations to Ukraine and the Canadian Truckers.
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