Posted 1/20/2024, 9:03:25 AM
Cathie Wood and Michael Saylor Praise Bitcoin's Vast Computing Power, While Wood Invests in Bitcoin Despite Criticism
- Cathie Wood said Bitcoin is backed by the world's largest computer network, impressing Elon Musk
- Bitcoin's network is larger than Amazon, Microsoft, and Google's networks combined
- Bitcoin hit a record mining hash rate of 500 exahashes per second this month
- Michael Saylor echoed Wood's sentiment, saying Bitcoin is a technological marvel that's here to stay
- Wood invested 1% of Ark's Next Generation Internet ETF into a Bitcoin spot ETF, despite Jamie Dimon's criticisms