Throughout a digital interview on November 17 with Barron’s Senior Managing Editor Lauren R. Rublin, Wooden mentioned that giant institutional traders are making a transfer into Bitcoin and identified the shortage of correlation between crypto and different property.
In keeping with a report about this interview by The Each day Hodl, Wooden mentioned:
“We will see who’s shifting in and it seems to be like sturdy, institutional holders are shifting in [to Bitcoin]. Why are they shifting in? As a result of the correlation of returns amongst crypto, particularly Bitcoin, and different property – shares, bonds, currencies, commodities – are very low.
“Research inform us that if there’s a low correlation of returns amongst property, [buying] that asset with the low correlation, you’ll be elevating returns and decreasing threat over time.“
She additionally reiterated his earlier worth prediction for Bitcoin:
“The explanation we’ve used the $500,000 mark for a Bitcoin worth goal is that if institutional traders transfer into Bitcoin and allocate 5% of their portfolios to it, by our estimates Bitcoin will go up by $500,000. We will inform that is occurring by taking a look at on-chain analytics.“
Again in September, Wooden informed Yahoo! Finance in an interview that followers of gold fail to grasp that Bitcoin’s worth past being a store-of-value asset:
“Many traders who’ve spent their careers targeted on gold can’t perceive the digital idea related to gold… What we expect [they’re] lacking is it’s far more than only a retailer of worth or digital gold. Bitcoin, particularly, is a brand new international financial system. It’s a rules-based financial coverage, which is totally decentralized and due to this fact will not be topic to the whims of policymakers.“
And in February, throughout an interview on Bloomberg TV, Wooden mentioned that she thinks Bitcoin is “the very best hedge towards inflation on the market far none and higher than gold.”
The views and opinions expressed by the creator, or any folks talked about on this article, are for informational functions solely, and they don’t represent monetary, funding, or different recommendation. Investing in or buying and selling cryptoassets comes with a threat of monetary loss.