Cathie Wood: Do NOT Panic Sell Your Cryptocurrency - This Was FINAL Bitcoin Shakeout?

Market Predictions and Regulations

• Kathy Wood, CEO of Arkandvest, predicts significant clarity on crypto regulations by 2025.
• She believes policymakers in Washington understand the importance of crypto and will work towards bipartisan legislation.
• The executive branch is also supportive, with proposals to include Bitcoin in the Treasury Reserve.

Bitcoin and Crypto Market

• A 30% crash from current Bitcoin prices would take it down to the low $70,000 range, but this would not invalidate the trend of a broader crypto bull market.
• Institutions are buying through the dip, with Black Rock clientele buying another 640 Bitcoin.
• Publicly traded companies are increasing their Bitcoin holdings, with the top 70 companies holding over 623,000 Bitcoin.

New Developments and Partnerships

• Ripple XRP has partnered with Ando to bring OUSG to the XRP ledger, a stablecoin backed by U.S. Treasuries.
• This partnership allows institutional investors to mint and redeem OUSG tokens around the clock.
• Black Rock is on board with this, and the integration is set to go live in the next six months.

Trading and Investments

• It's advised not to panic sell, as this is the last shakeout before Bitcoin makes new all-time highs.
• CZ Binance agrees that this is the next big wave of the internet, and it's a huge efficiency move for the financial services sector.
• Dave Portnoy, founder of Barstool Sports, is considering launching a meme coin, but is taking his time to ensure it's not a scam.

Trading Competition and Offer

• There's a trading competition happening with Exchange Partner BitumenX and Altcoin Daily.
• Depositing any amount of money up to $1,000 gets 20% cash back, and enters you into the trading competition.
• The competition runs for 18 days, and the winner gets a share of the price pool.