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Cathie Wood Reveals Her Top Cryptocurrency Picks: BTC, ETH, and SOL
BlockBeats News, December 15th, Cathie Wood recently elaborated on her top three favorite cryptocurrencies and their positioning in a recent interview:
· Bitcoin: As the foundation of the global monetary system and the primary gateway for institutional funds into the crypto market;
· Ethereum: Positioned as the institutional-grade infrastructure layer;
· Solana: A public chain with a focus on consumer applications.
During the 1011 Flash Crash, Bitcoin exhibited the strongest liquidity among all cryptocurrencies, usually being the first to be sold off and dragging down other coins. Other coins experienced larger price drops. As the relevant information has been digested, the market may have already bottomed out. The market is now focused on whether large traditional financial institutions (such as Morgan Stanley, Bank of America, Wells Fargo, UBS, etc.) will formally introduce Bitcoin through ETFs in this cycle, a decision that could be a key variable affecting the next phase of the market.
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