저자: CathieWood · 외국인
요약 보기
비트코인 현물 ETF 승인을 계기로 기관 자금 유입이 본격화될 것이며, 비트코인을 새로운 자산군이자 규칙 기반 글로벌 통화 시스템으로 본다. 기관 유입과 채굴 공급 한계(2100만 개 중 약 1960만 개 채굴)를 근거로 장기 상승을 주장하며, 2027년 강세 시나리오 150만 달러를 여전히 유효하다고 밝혔다. 과거 상승 국면에서 장기 보유자가 매도했다가 다시 축적하는 흐름도 언급했다. 엔비디아에서는 비중을 줄이고 AI 활용 역량이 있는 저평가 기업에 관심을 표명했다.
다듬은 글
Bitcoin congrats on your ETF it's done very well you're number three now number three you know this was David against Goliath and you know uh so this is a a a a very nice win for us now we're not finished and in fact in our business what's interesting is the wirehouses which dominate our customers so Morgan Stanley all the advisers at these warehouses Morgan Stanley UBS Marilyn at BFA a Wells Fargo not one of them has approved Bitcoin on its platform that hasn't even happened yet and those are our primary clients when that happens wait until you see explosion in the institutions coming on um and then governments following um I mean the the the ship is sailed yes it has and this there there this is not just a technology um it's a new asset class right and beyond that it's a global monetary system you know it is the first Global uh private meaning no government oversight digital and decentralized rules-based that's the most important word here rules-based monetary system in history it's a big idea we we did um something called Bitcoin brainstorm we do a Bitcoin uh uh brainstorm monthly and one of them was the convergence between uh Bitcoin and Ai and we had uh you'll probably know of his his developer name Rose beef uh from the lightning from the lightning Network on and he was talking about how in Africa already this convergence is is redefining division of labor uh I mean the gig economy we understand here in the United States put that on steroids in terms of micro micro gig economy in the emerging markets and you have a a a whole whole new kind of economy so yes very exciting well uh we have all kinds of uh metrics but when I was uh at uh abundance uh the uh the forecast was our bull case was $1.5 million in 5 years so that would have been 2027 we still have time and uh and we still think that's going to be right um if you just look at the institutional push into Bitcoin this new asset class they have to consider it as fiduciaries when you use that Co those code words new asset class what it means the correlation of these returns are very low compared to those of other assets especially as bonds and stocks are becoming more correlated you need something uncorrelated yes absolutely absolutely and so they have to consider it now what are we saying there are 19.6 million Bitcoin out there right now and the highest it will ever go is 21 million uh well okay there's real scarcity value and what what is going to happen the price increase for every institutional dollar pushing in now is going to be much higher than it was last year two years ago three it's you know we're going to get uh into if these institutions really want to own it what I found fascinating recently just learned it this morning is uh typically when you go through a a price move a bitcoin price move to the upside you usually see long-term holders which is a metric we monitor it's an onchain analy analytics metric um and it means people who have not moved or wallets that have not moved their Bitcoin in 55 days or more yes well normally when you go through a price move to the upside a very nice one like we've seen in the last year that tends to start moving down and it did that true to form but it has reversed in recent days because what we learned is uh gbtc sold some of its Bitcoin so that was those wallets hadn't been changed in a long time right now that is done at least for the time being now that is done and um it's going back up again as the price goes up that's highly unusual and I think it is because um the long-term holder saying why would I sell now when I know all these institutions which own nothing own nothing in this realm in this new asset class they have to consider it because it is a new asset class and so so uh yes we're um very excited about the ethereum netw workk and salana and so they all play different roles and what I love is there's kind of a little competition I think competition is always good uh to keep the other networks honest yeah when we did our digital Wallet work um you know we we're saying okay let's try and figure out how much it how many steps it takes for a merchant or for a consumer to pay a merchant and that was nine steps including the two of them uh and that's and and you know there are many other middlemen but these were the most direct steps and that is a one well a 2 to 4% tax on every purchase in the world if you're using uh intermediaries credit cards and so forth so uh just think about that cutting you know that tax rate dramatically is is going to increase access dramatically yes and so here is the question there that we're getting all the time is this is this a bubble and the way we are answering it is no this is not a bubble this is there's something elri electricity a bubble exactly exactly now is there too much Capital chasing you know chasing the same thing um that could be I can tell you you know we've had in in uh and you know the headlines I'm I'm not saying anything that that you don't know but uh we have been pulling away from Nvidia mostly because we see how well understood that story is and it is um and and all praise to Jensen Wong and his incredible team uh you know they have done so much of the heavy lifting uh uh up you know as we've evolved to this uh level now however it is we're the companies in our portfolio that are hugely undervalued and not recognized for uh what AI is going to enable are those with deep domain expertise and especially in one of your favorite areas Peter um the multiomic space so deep domain expertise AI expertise take this seriously this is going to determine winners and losers good distribution whether alone or with partners and then finally most important harnessing that proprietary data data that a company has that nobody else has thank you for joining us today on this insightful journey into the world of crypto and investing if you found value in today's discussion and want to stay updated on future crypto news and Market insights 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