[ad_1] <br><div> <p><strong>CEO of Ark Make investments, Cathie Woods, is bullish on <a target="_blank" href="https://beincrypto.com/price/bitcoin/" class="autolink" rel="noopener">Bitcoin</a> regardless of the FTX collapse, stating that the Bitcoin blockchain continued to function as typical. </strong></p> <p>In a December 11 <a target="_blank" href="https://mobile.twitter.com/CathieDWood/status/1601779274192605185?s=20&t=72LlOI6MCrMCgbtjC9PRgA" rel="noopener">tweet</a> quoting Ark Make investments’s November report on long-term holders BTC’s provide, she famous that the blockchain had proven resilience whereas taking a dig at <a target="_blank" href="https://beincrypto.com/slap-sam-bankman-fried-cucumber-take-out-frustrations-earn-crypto/" rel="noopener">FTX Founder Sam Bankman-Fried</a>.</p> <h2 id="h-sbf-didn-t-like-bitcoin-because-he-couldn-t-control-it-woods">SBF Didn’t Like Bitcoin As a result of He Couldn’t Management it: Woods</h2> <p>In keeping with her, the Bitcoin blockchain didn’t skip a beat through the disaster attributable to opaque centralized gamers.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper"> <blockquote class="twitter-tweet" data-width="500" data-dnt="true"><p lang="en" dir="ltr">The Bitcoin blockchain didn’t skip a beat through the disaster attributable to opaque centralized gamers. No marvel Sam Bankman Fried didn’t like Bitcoin: it’s clear and decentralized. He couldn’t management it. <a target="_blank" href="https://t.co/pV8UPT7cnm" rel="noopener">https://t.co/pV8UPT7cnm</a></p>— Cathie Wooden (@CathieDWood) <a target="_blank" href="https://twitter.com/CathieDWood/status/1601779274192605185?ref_src=twsrc%5Etfw" rel="noopener">December 11, 2022</a></blockquote> </div></figure> <p>She mentioned SBF didn't like Bitcoin as a result of it was clear and decentralized, including that “he couldn’t management it.”</p> <p>Woods stays very bullish on cryptocurrencies and believes that the bankruptcies of centralized entities will enhance the decentralized finance sector.</p> <h2>Woods Bullish on DeFi</h2> <p>In an interview with Yahoo Finance on December 9, Woods famous that <a target="_blank" href="https://beincrypto.com/learn/decentralized-finance-and-use-cases/" class="glossary-only-link" rel="noopener">DeFi</a> networks have been working as programmed and identified that there are metrics that present that they're getting stronger. She mentioned:</p>
<blockquote class="wp-block-quote"> <p>“I believe what we’re studying due to FTX is how far more essential totally clear decentralized networks might be to monetary providers going ahead… FTX, Celsius, 3AC have been all closed networks. Opaque methods. You couldn’t see what was occurring…”</p> </blockquote> <section class="pt-5 my-4 -mx-4 pb-3 lg:pb-4 lg:px-5 lg:mx-0 lg:w-full lg:pt-4 dark:bg-secondary-blue2 overflow-hidden" data-el="related-articles" data-postid="257888">
</section> <p>In her opinion, the <a target="_blank" href="https://beincrypto.com/learn/ethereum-decentralized-finance-revolution/" class="glossary-only-link" rel="noopener">DeFi</a> sector’s transparency, even amid the crypto crises, will all the time be its saving grace.</p> <h2>Ark Make investments Says Decentralized and Clear Blockchains Stay Robust</h2> <p>Ark Make investments Bitcoin Month-to-month <a target="_blank" href="https://ark-invest.com/crypto-reports/the-bitcoin-monthly-november-report/?utm_content=231083144&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084" rel="noopener">report</a> additionally painted a gory image of what occurred in November with FTX collapse and BlockFi submitting for chapter. The month noticed very excessive capitulation, with the ratio of realized income and losses for Bitcoin reaching a document low.</p>
<p>Nonetheless, long-term BTC holders noticed their provide stabilize at 13.8 million BTC, near an all-time excessive.</p> <figure class="wp-block-image size-full"><img decoding="async" src="https://s32659.pcdn.co/wp-content/uploads/2022/12/image-4.jpeg.optimal.jpeg" alt="Bitcoin long term holders" class="lazy wp-image-257899"/><figcaption class="wp-element-caption">Supply: <a target="_blank" href="https://ark-invest.com/crypto-reports/the-bitcoin-monthly-november-report/?utm_content=231083144&utm_medium=social&utm_source=twitter&hss_channel=tw-2398137084" rel="noopener">Ark Invest</a></figcaption></figure> <p>Even amidst this massacre, Ark Make investments famous that “decentralized and clear public blockchains are as robust as ever.” </p> <p>The report advisable that “decentralization and transparency are paramount as antidotes to the gross mismanagement that may be related to centralized intermediaries.”</p> <p>In the meantime, crypto companies with publicity to FTX are nonetheless <a target="_blank" href="https://beincrypto.com/falconx-has-18-of-its-funds-locked-in-bankrupt-ftx/" rel="noopener">suffering</a> from the fallout. Crypto media outlet The Block’s CEO Michael McCaffrey <a target="_blank" href="https://beincrypto.com/the-block-ceo-resigned-after-failing-to-report-loans-from-sbf/" rel="noopener">resigned</a> following revelations that he acquired an undisclosed mortgage from Alameda.</p><div class="notice"><h3>Disclaimer</h3> <p>BeInCrypto has reached out to firm or particular person concerned within the story to get an official assertion in regards to the latest developments, nevertheless it has but to listen to again.</p> </div> </div><script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <br>[ad_2] <br><a href="https://news.google.com/__i/rss/rd/articles/CBMiTmh0dHBzOi8vYmVpbmNyeXB0by5jb20vY2F0aGllLXdvb2RzLWlzLWJ1bGxpc2gtb24tYml0Y29pbi1hbmQtZGVmaS1zaGFkZXMtc2JmL9IBAA?oc=5">Source link </a>