저자: CathieWood · 외국인
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캐시 우드는 현물 비트코인 ETF 시장이 과포화 후 통합되어 3~4개 정도로 줄어들 것이라 전망한다. ARK는 수익 극대화보다 비트코인을 공공재로 보며, 인프라·리서치·영업 세 가지 경쟁우위를 강조한다. 비트코인은 인터넷의 금융 고속도로가 될 것이라 주장하며, 수수료 인하와 접근성 확대를 중시한다. 또한 뱅가드가 비트코인 ETF를 제공하지 않는 것을 전략적 실수로 비판하며, 비트코인의 낮은 상관관계에 따른 분산투자 효과를 근거로 든다.
다듬은 글
oh my goodness what is this what's Bitcoin I don't think there will be 11 spot uh ET Bitcoin ETFs uh I do think the process of closing and consolidation will take take us down to to three maybe four but more likely three we are not looking to maximize Pro uh profit on on this spot Bitcoin ETF we are looking at Bitcoin as a public good it is essentially from achn ology point of view going to uh going to be the financial superhighway of the internet never dreamed that Commerce or financial services would take place on this network now finally we're going to have a native currency in the internet and it will take out a lot of middlen because it is a peer-to-peer Network hey money talkers get ready for a ride on the cryptocurrency roller coaster the sec's green light and a journey into the heart of crypto to Innovation Kathy pot off guard reacted to the sec's Tweet about Bitcoin it's a moment of Revelation a green light moment for the SEC approved Bitcoin ETF but why is this such a GameChanger well Kathy spills the beans on how Bitcoin is not just a currency it's the financial Super Highway of the internet a digital native ready to simplify transactions and cut out middleman intrigued you should be but waiters more we're not just here for the Thrills we're offering you a backstage pass to the crypto world's genius Kathy Wood hit that like button subscribe for more crypto adventures and don't forget to sign up for our newsletter Bitcoin Zella designed especially For You crypto enthusiasts now let's dive into the genius mind of kathywood typically in a situation like this where there are a lot of competitors uh the the uh market consolidates so we would expect that to happen um we hope and trust that we will be one of the winners uh and I think from our point of view we have we have some competitive advantages a lot of people are talking about fees and I'll get to that but we that there are three competitive advantages that I think are are very important one is our infrastructure and operations our partner 21 shares uh has built this infrastructure uh and been operating 40 different funds through booms and busts through having and forks and airdrops and you so and and through periods that the ETF industry just has never seen so uh our infrastructure is Battle tested uh the second is research uh as you know we give all of our research away our first uh blog on bitcoin was the year of our founding 2014 our first white paper uh Bitcoin could it serve the three roles of money we did in collaboration with art laugher in 2015 and we gained our first EXP exposure in Bitcoin at $250 um and and have never left it uh we think the story has just begun uh so we've been Pro putting prolific research out there and now we have a Bitcoin monthly um uh report and a Bitcoin uh brainstorm monthly so uh we continue to give our research away as does our partner uh 21 shares and then the third and this is not to be underestimate the third competitive Advantage we have is a Salesforce that started selling uh our exposure to Bitcoin in 2016 that's when we partnered with Resolute investment management and I remember in the early days they were saying oh my goodness what is this what's Bitcoin and so they had to figure out what Bitcoin was and they paid a lot of attention to our research and they have developed conviction I mean bitcoin's been a marvelous investment I don't think there will be 11 spot uh ET Bitcoin ETFs uh some may close some may be uh consolidated into bigger companies uh the more pure playay uh companies may be bought out by uh by the larger players who need that need more of that expertise inh house so uh I do think the process of closing and consolidation will take take us down to to three maybe four but more likely yes well at 21 and that has significance our partners 21 shares and of course the number of Bitcoin that will ever be minted uh will not go past 21 million so uh some significance there we are not looking to maximize Pro uh profit on on this spot Bitcoin ETF we are looking at Bitcoin as a public good it is essentially from a tech technology point of view going to uh going to be the financial superhighway of the internet this is this blockchain Bitcoin blockchain technology is what the developers did not build into the internet in the early days in the early 90s why because no one ever dreamed that Commerce or financial services would take place on this network now finally we're going to have a native currency in the internet and it will take out a lot of middlemen because it is a peer-to-peer Network so uh we want to give investors as much access and exposure to bitcoin we don't want fees to get in the way uh and of course ETFs are extremely accessible uh so we're pretty excited to be uh part of the ecosystem and offering a spot Bitcoin ETF Kathy Wood is our guide on a fascinating journey into the Bitcoin ATF let's highlight some of what Kathy said said this journee is more than just Financial Maneuvers it's a strategic play and Kathy is positioning herself to be a front runner picture this in a landscape crowded with contenders Cathy's game plan involves consolidation anticipating the Market's Magic Moment now what makes her stand out from the crowd it's the dynamic Trio of infrastructure research and a Salesforce with a seasoned history first up the battle hardened infrastructure thanks to their partnership with 21 shares they' navigated through the turbulent of Market pooms busts and everything in between second on the list is the research promise since 2014 Kathy and her teen have been offering insights predicting bitcoin's trajectory well before it became the financial sensation it is today and last but not least at Salesforce actively engaging with investors since 2016 they're not just in it for the profits it's not recognizing Bitcoin as a public good Paving the way for what could be the financial superhighway of the internet well consider the source of course uh I think it's a terrible decision I think it's a strategic blunder and uh and what Vanguard is doing is basically saying you know the world's not going to change uh these new Financial rails are not going to be successful we're still going to have seven middlemen between uh merchants and consumers each one taking a toll and we just don't think that's that's going to prove correct uh truth always wins out innovation solves problems there's a lot of friction uh in the financial system uh and we believe that Bitcoin uh block blockchain technology generally are going to take a lot of the friction out of the system the other reason I think this is a terrible mistake is you know they're going to deprive the investors who stay with them of really the the first Global decentralized private no government oversight rules-based critical phrase there monetary policy monetary system in history my mentor art laugher you may know him from the laugher curve he's also a military scholar he said this is what I have been waiting for for uh for 50 years since they closed the gold window in 1971 um he is so excited about this uh new asset class and that is the other mistake I think that Vanguard is making it's depriving uh its clients of access to a new asset class and what do we know about new asset classes well if it's truly uh non correlated or or exhibits very low correlation of returns to other assets then uh what what a diversification into this new asset class will enable is increased return per unit of risk uh that that I think that advisers have a fiduciary responsibility to look at this new asset class and to the extent uh they're working with Vanguard they will be prohibited so again I think it's a strategic blunder but again uh we're all about disruptive innovation that's all we do right uh this is the most profound disruptive innovation taking place in the world today money talkers get ready for a closer look at the Strategic blunder that Vanguard might s regret according to Kathy Wood vanguard's decision is more than just a head scratcher it's a missed opportunity of colossal proportions by denying investors the chance to ride the wave of the first Global decentralized monetary system Vanguard seems to be sticking to the old ways missing out on a transformative Financial Revolution but Kathy is a firm believer in Innovation she sees Bitcoin not just as a crypto currency but as a solution to the friction in our traditional Financial systems vanguard's move might seem like a missed opportunity now but it also points to a broader challenge Innovation as proven time and again prevails Bitcoin offers a unique chance for increased returns with low correlation to other assets even Cathy's Mentor art laugher is ecstatic about this new asset class in denying their client access to this Emerging Market Vanguard may be unwittingly restricting the potential for divers finded portfolios and increased returns if you enjoyed the video don't forget to give it a thumbs up 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