Cathie Wood, CEO of ARK Invest, has recently been vocal about Solana, praising its efficiency and cost-effectiveness compared to Ethereum. Following her comments earlier this week, the price of Solana’s SOL token saw a 15% increase and is now trading at $62 according to CoinGecko. This isn’t the first time Wood has praised Solana; on November 1, in another CNBC interview, she highlighted its efficiency and potential to outpace Ethereum in terms of both speed and cost-effectiveness. Wood has long been a fan of Bitcoin and the broader cryptocurrency market, but has been vocal about the U.S. regulatory environment and its delay in approving a Bitcoin ETF. Despite regulatory hurdles, she remains optimistic about the future of cryptocurrencies, projecting that the market could grow to $25 trillion by 2030. #Solana #Cryptocurrency #Bitcoin #ARKInvest #RegulatoryEnvironment
You can read more about this topic here: Decrypt: Why Cathie Wood Is Bullish on Solana
