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user: SkieletonCopy:Investors expect higher inflation this year as the global economy gains momentum. This would lower the value of already issued bonds. The Federal Reserve and other central banks are committed to supporting global economies by buying bonds for as long as needed. Such a policy helped bitcoin gain in value strongly.
- We know there are concerns given global quantitative easing and a no-rules monetary policy. Fixed Income Instruments have done 40 years of really hard work. If bitcoin represents a new asset class, why not invest in it? Wood said.
In her opinion, we are in a deflationary environment, not an inflationary one. Still, there are indications that investors are looking for an additional asset class, including gold, Wood noted.
- The dollar index (DXY) saw a decline of 7% in weighted trading last year and a further decline this year, and this is another support for BTC. This should be a stimulus for gold, but bitcoin is benefiting from the incremental flow that could move to yellow at some point, she added.
While some cryptocurrency critics argue that bitcoin has no use, Wood disagrees. She added that all of these add up to trillions of dollars in market capitalization potential, from around 900-950 billion today.
- Bitcoin is a hedge against questionable monetary policy and overt segregation of wealth in some countries - she concluded.
Original:source:
https://www.marketwatch.com/story/bitcoin-may-replace-bonds-cathie-wood-says-11614276934
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Text Comparison:#1Investors expect higher inflation this year as the global economy gains momentum. This would lower the value of already issued bonds. The Federal Reserve and other central banks are committed to supporting global economies by buying bonds for as long as needed. Such a policy helped bitcoin gain in value strongly.
- We know there are concerns given global quantitative easing and a no-rules monetary policy. Fixed Income Instruments have done 40 years of really hard work. If bitcoin represents a new asset class, why not invest in it? Wood said.
In her opinion, we are in a deflationary environment, not an inflationary one. Still, there are indications that investors are looking for an additional asset class, including gold, Wood noted.
- The dollar index (DXY) saw a decline of 7% in weighted trading last year and a further decline this year, and this is another support for BTC. This should be a stimulus for gold, but bitcoin is benefiting from the incremental flow that could move to yellow at some point, she added.
While some cryptocurrency critics argue that bitcoin has no use, Wood disagrees. She added that all of these add up to trillions of dollars in market capitalization potential, from around 900-950 billion today.
- Bitcoin is a hedge against questionable monetary policy and overt segregation of wealth in some countries - she concluded.
While some crypto critics say Bitcoin has no use cases, Wood disagrees. “It represents insurance against unhinged monetary policy and outright wealth segregation in some countries,” she said.
All of that adds up to trillions of dollars of market cap potential, up from about $900-950 billion now, she said.