Cathie Wood: Is Gensler Blocking Bitcoin ETF Due to Political Ambitions?
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Cathie Wood speculates Gary Gensler's political ambitions for Treasury Secretary are affecting his judgement on a spot BTC ETF.
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Wood questions why Gensler is blocking a spot ETF despite his knowledge of Bitcoin and blockchain.
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Gensler taught a course on crypto and blockchain at MIT before becoming SEC Chair.
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As Treasury Secretary, Gensler would be focused on the US dollar, which could motivate him to block a BTC ETF.
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Despite the ETF rejections, Wood remains very bullish on crypto and predicts a $25 trillion crypto market cap by 2030.