Cathie Wood Responds to Elon Musk - The TRUTH about if Bitcoin is DOOMED to Fail (NEW!)

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Cathie Wood, CEO of ARK Invest responds to Elon Musk Bitcoin environmental impact argument and energy consumption FUD. This perspective is extremely interesting given Cathie Woods ties with Elon Musk and Tesla. Will she defend Bitcoin?

In this video, Cathie Woods firm ARK invest responds to Elon Musk tweeting out regarding environmental concerns surrounding Bitcoin which in turn caused not just the Bitcoin price to plummet, but the entire cryptocurrency market.

For those that missed it, Elon Musk tweeted out that Tesla would be halting any payments for cars via Bitcoin and Saylor, Cathie Wood’s investment firm, today responded via a research paper published by analyst Yassine Elmandjra:

“In our view the concerns around Bitcoins energy consumption are misguided. Contrary to consensus thinking, we believe the impact of bitcoin mining could become a net positive to the environment."

In this interview, Cathie Wood speaks on the truth regarding Bitcoin and energy consumption and its environmental impacts.

Make sure to stick around to the end of the video where macro investor Raoul Pal also responds to Elon Musk and the energy consumption FUD, and we also cover his technical analysis as to where he thinks the Bitcoin price will bottom out before moving upwards.

Credits:
To watch the full interview (and subscribe!) check out the full interview here:
https://youtu.be/cUeWhaqdqiw
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TIMESTAMPS:

0:00 Intro - (Cathie Wood reveals the TRUTH!)
2:09 Cathie Wood on Bitcoin energy usage...
2:52 Bitcoin CRIMINAL activity?
5:50 Raoul Pal responds to Elon Musk...
7:13 How Tesla has been able to SURVIVE
8:07 Elon Musk could adopt Dogecoin...
9:34 Raoul Pal - Where does Bitcoin price bottom out?

#Bitcoin #ElonMusk #CathieWood
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