Cathie Wood
👤 SpeakerAppearances Over Time
Podcast Appearances
Go ahead.
One more point there.
You've heard of the flash crash, 1010?
Yeah, yeah, yeah.
Very few people know this because there have been so many other things to worry about.
But on October 10th, there was the flash crash caused by a software glitch at Binance.
And there was an auto deleveraging event.
People were just, you know, margin called.
to the tune of about $28 billion.
We know some of the entities that were caught up in that.
They were caught flat-footed.
And we think that is just now washing through the system.
So if you're looking for something that has weighed on it recently, we do think that happened.
Bitcoin's the most liquid of all crypto assets, so it's the first margin call, right?
And we think that's pretty much worked its way out.
So we're testing here around 80,000 again.
We think that we're going to hold in the 80,000 to 90,000 range unless all hell breaks loose in Iran, let's say.
And then maybe we'll see the store of value come back for Bitcoin.
Thank you, Zaid.
Thank you so much.