Catherine Wood: The relationship between blockchain and artificial intelligence
Date: 2024-04-09 Author: Gabriel Deangelo Categories: BLOCKCHAIN
Blockchain and Web3: Evolution of Technology
Catherine Wood, renowned analyst and principal of ARK Invest, expressed confidence in the continued development of blockchain technology at the annual Hong Kong Web3 Carnival conference. She emphasized that blockchain and the Web3 sphere are having a significant impact on various sectors of the global economy, from finance to e-commerce, and believes that access to Web3 will be possible for everyone with an Internet connection.
Artificial Intelligence and Blockchain: New Perspectives
Wood noted the growing popularity of artificial intelligence combined with blockchain, especially in the gaming industry, and highlighted the potential for creating new products and experiences through this combination. As an example, she cited the Japanese entertainment conglomerate Sony, which began experimenting with creating its own stablecoin pegged to the Japanese yen on the Polygon blockchain.
Progressive steps in the digital asset industry
In addition, Wood emphasized the importance of the approval of spot Bitcoin ETFs in the US, viewing this as an important milestone for the digital asset industry as a whole. She is confident that cryptocurrency ETFs will promote the adoption of Bitcoin among large corporations, which, in turn, will lead to mass adoption of Bitcoin and reduced volatility in the digital asset market.
Regulatory aspects and prospects of Hong Kong
Discussing the regulatory challenges facing the U.S. cryptocurrency industry, Wood noted Hong Kong's progressive approach to cryptocurrencies, including plans to introduce special regulatory treatment for stablecoin issuers.
Don’t forget that at the beginning of the year, the CEO of ARK Invest put forward an ambitious forecast about a possible increase in the Bitcoin rate to $1.5 million by 2030, based on the emergence of Bitcoin exchange-traded funds in the United States.
