Cathie Wood says Janet Yellen does not understand cryptocurrency, Bitcoin far More Energy efficient than gold

Cathie Wood says Janet Yellen does not understand cryptocurrency, Bitcoin far More Energy efficient than gold

ARK Invest’s hedge fund heavyweight Cathie Wood says U.S. Treasury Secretary Janet Yellen doesn’t understand cryptocurrencies and Bitcoin.

In a new video, Wood discusses the recent affirmation that Bitcoin is “extremely” energy inefficient and a hub for illicit transactions.

“Janet Yellen… has gone out of her way to telegraph how speculative Bitcoin is and how it is neither environmentally friendly nor sustainable and how it contributes to illicit activity …

I’m not sure why she said that. All I know is she doesn’t understand the crypto space, and I say that with all due respect to her, I don’t think that’s what she does….

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