Cathie Wood Bullish on Solana, Predicts Massive Crypto Growth Despite Regulatory Hurdles
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Cathie Wood of ARK Invest is bullish on Solana due to its speed and cost-efficiency compared to Ethereum.
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Solana saw a 15% price increase after Wood's recent praise of the blockchain protocol.
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Wood has previously commended Solana's efficiency and potential to outpace Ethereum.
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Wood is optimistic about crypto overall but critical of US regulators, especially SEC's slowness to approve a Bitcoin ETF.
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Despite regulatory challenges, Wood projects massive crypto market growth to $25 trillion by 2030 based on increasing institutional adoption.