During a live chat between Elon Musk, Cathie Wood and Jack Dorsey on Ark Invest on the afternoon of May 24, bosses were asked: Do they have hope for Bitcoin and what do they think about the future of crypto?
Elon Musk: Crypto can make money more efficient at its core
Answers varied, but they all agreed on one thing: cryptocurrencies must and will play an important role in our future, each of the major projects will also help crypto fulfill its primary mission to give ordinary people more power over their lives.
The Tesla founder said he hopes cryptocurrencies will make money intrinsically more efficient so that there will be less government interference, which he calls ‘mistakes’. According to the billionaire, cryptocurrencies will benefit and empower people, increasing the power of individuals over government.
Kriptokoin.com often mentioned with Dogecoin, Elon Musk also stated that the government is just a big company, so people hate companies and It is strange in his view that he praises state power. The Tesla and SpaceX founder believes that anyone who doesn’t love companies should also hate the government.
Cathie Wood: More companies should get involved in the crypto world
Cathie Wood, head of hedge fund Ark Invest, said cryptocurrencies not only provide opportunities to do business anywhere in the world, but also He said more companies need to get involved in the crypto world as it also allows users to hedge against significant inflation risk and counterparty risk.
Cathie Wood noted that many emerging markets suffer from significant inflation, face the problem of maintaining purchasing power, and that crypto is the only way to implement the idea of deflation.
The renowned investment manager also expressed hope that in the future there will be a deep convergence between crypto and artificial intelligence that will increase the networking impact of cryptocurrencies and change the world in ways we cannot even imagine.
Jack Dorsey: Crypto will contribute to building world peace
Twitter founder and Square CEO Jack Dorsey, Square CEO He voiced his role as a promoter of decentralization in the rise of crypto, announcing his plans to create unattended and simple solutions for storing and processing cryptocurrencies. He also noted that the current monetary policy is destructive and aims to concentrate power in the hands of the most powerful.
According to the entrepreneur, crypto will radically change the current system, give individuals more power and ultimately contribute to the establishment of peace in the world.
