저자: CathieWood · 외국인
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ARK의 비트코인 ETF 관련 리서치와 파트너십 설명. 블랙록 ETF 신청 후 비트코인 상승, 지역은행 위기 때 안전자산 수요로 비트코인 상승 언급. SEC의 그레이스케일 소송 패소 가능성, 입법부 및 정치 환경 변화 언급. 테슬라는 전기차 점유율 확대와 원가 하락, 리튬 이슈 완화를 근거로 긍정적 전망. 출연자 발언 중심으로 구성되며 ARK 자체 투자 판단은 명시적 예측이 아님.
다듬은 글
uh yes I do think uh that the in June when Black Rock uh announced its filing or when it was announced that uh Black Rock had filed for Bitcoin ETF uh the Bitcoin price did shoot up uh and but hello everyone and welcome back to finance wolf in this video Kathy will talk about cryptocurrency and the Bitcoin ATF Market I asked Kathy about the grayscale Bitcoin trust known by its ticker pick and she replied you know we've been putting out our Bitcoin monthly for the last year we are now starting a Bitcoin brainstorming session our first one we launched last Thursday so we're trying to get the word out there that you know our research is deep and we've been doing it since 2015 when we gained our first exposure to BTC if you look at our dough for example your arche Next Generation internet ETA right now I see G as the third largest holding Kathy responded to my question saying I cannot talk about what we would and would not do in fact our compliance team is giving us strict instructions not to talk about this filing or its implications at all the fact that we filed with our partner 21 shares is as far as I can go and Kathy would go into great detail about a lot of other topics please watch the video to the end like it and subscribe to our Channel Finance wolf thank you has been fairly stable since then uh so I I do think it's had an impact a bigger impact this year was the regional Bank crisis it was very interesting to watch Bitcoin uh go from 19,000 to 30,000 right in the middle of that banking crisis as uh Regional Banks were going bankrupt so it was a flight to safety so uh I thought that move was just as interesting hang on a flight to safety is buying Bitcoin some well if you think about it h uh Bitcoin serves as two kinds of Hedges one is a hedge against inflation and outright confiscation of wealth the other is against counterparty risk and you know was when the Regional Bank started uh going down this fear sort of uh uh you know memory our memories are fresh with 0809 the counterparty risk uh became real and so there was this flight into Bitcoin a completely decentralized transparent uh Network which is not subject to counterparty risk uh Kathy so you are in this race let's talk about the race a little bit the first important I I think you're probably right that uh August 13th will come and go and uh uh I think uh I think the SEC if it's going to approve a Bitcoin ETF will approve more than one uh a at once uh so then uh again because most of these essentially will be the same and it will come down to marketing communicating the message you know we've been putting out our uh Bitcoin monthly for the for the last uh year uh we are now starting a Bitcoin um brainstorming session uh our first one we launched last Thursday uh so we're trying to get the word out there that uh you know our research is deep and we've been doing it since 2015 when we gained our first exposure to gbtc we were the first public asset manager to gain uh exposure to bitcoin at all in 2015 that's exactly where I want to go the grayscale Bitcoin so just the fact that we filed with our partner 21 shares is is as far as as I can go Fair Sor Kati fair enough no I was expecting something along those lines uh that the two other branches of government the judicial branch and the legislative branch uh are are giving uh the SEC pause uh because the SEC is losing cases in court having to do with its regulations uh around crypto that's the first thing and there are bills that are making their way through the house uh and are seeing some bipartisan support uh so I do believe that uh Gary Gensler I guess last week or 10 days ago said something like well you know I'm not not the only one who makes this decision there are five Commissioners now of course we know they're weighted uh towards uh the Democrats three Democrats to Republicans and so one assumes that uh the way that Gary votes is the way the the secc will vote but he seemed to be distancing himself a little bit and so maybe we can take that as a bit of a clue uh we definitely did we thought that was a good sign but you know we're reading all kinds of te uh we uh we think that it is the most regulatory compliant exchange uh out there uh and uh we've been very pleased with how its um derivatives Exchange in Bermuda has ramped in here it's very early days but again clearly a trusted partner uh and uh and we are also seeing that there's more turmoil out there I guess uh pu I think that's how you say the name of the exchange uh and uh tether and binance there are still there are Rumblings out there that not is all all as well uh and so uh coin coinbase is going to be the flight to safety exchange no doubt about it and do you think the surveillance agreements with coinbase we believe that uh the SEC will lose the grayscale case how can you approve a Bitcoin Futures ETF and and not a Bitcoin ETF uh and and and in fact if you're really thinking about consumer protection uh a a Futures ETF is swap space so there's counterparty risk there that you would not have with a Bitcoin ETF which is backed one to one uh with uh Bitcoin in coin bases Cold Storage uh it still confounds me not to mention the point that Eric makes which is that if there had been Zach and love Zach and and think he will do very well uh wherever he goes I I uh I know there are rumors out that there are some CEO positions out there which um uh he might like to take so um we will miss him uh but his successor has been with Tesla right underneath him um since 2018 so he was put through the fires remember in 20189 many uh many analysts were saying uh that Tesla was going bankrupt and so he's been there he's gone through the fire and uh you know it's a tough job it's a tough tough job so I I guess 13 years was a a really good run for Zach and can't say enough good things about him and what he did for Tesla but I think he trained his successor well that's great to a five-year investment time Horizon and and we do think the cycle for Autos is going to get tougher in here generally uh but we think just like last year when electric vehicles were up 69% and or 65% something like that and gas powerered vehicles down 7% globally we think we're going to continue to see that share shift accelerate because uh electric vehicle prices are going to follow the co their costs down in a way that gas powerered cars cannot so we think that electric vehicles will be less expensive and they are better cars than uh gas powered vehicles uh so we think they're going to take tremendous share and uh even if the auto market uh re relapses in here which we think it could uh we don't think electric vehicles will will relapse so we think the 1.8 million for this year which was Elon said 1.8 to2 million they're going to have some shutdowns in the third quarter for maintenance and upgrades uh and so he lowered he lowered his expectation to the low end of that range I think he likes to lower expectations and then beat so I I wouldn't be surprised if it's higher than that um BF well I know very early on they they said to their suppliers you know if if you will build it we will buy it so yes they've been in a preferred position and probably still are uh they're also very smart Tesla's Engineers are very smart they are engineering Cobalt out of the cars uh they're doing it for a few reasons the supply is uncertain and it's very focused in um I guess the Congo uh where there are a lot of uh environmental and governance and social concerns so they're engineering it out uh and they're moving into and you should say on lithium uh actually if you look at the price it went up tenfold in two years and now it's down uh about 40% from that Peak I think uh lithium is one of the most pervasive uh minerals out there so we don't think uh lithium is an issue at all especially now that uh the Chinese and the uh Koreans and all of the US OEM uh are are basically telling lithium miners just uh just build it and and we will take it uh so and then the other interesting thing is again this is Tesla leading the charge so to speak in this Cate um lithium iron phosphate so uh taking out the nickel and other metals that may end up in short supply especially if we get into very strong cycles and uh the uh lithium ion iron phosphate is a much lower priced or will lead to a much lower priced car as well uh Cathy real quick I wanted to get in uh this
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