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Cathie Wood’s Confidence in Cryptocurrency Amid FTX Breakdown

The founder, chief executive officer, and chief investment officer of Ark Invest, Cathie Wood, shares her unwavering trust in digital currencies despite the recent troubles with FTX. During her appearance on “Bloomberg Markets: The Close,” Wood acknowledges the controversy surrounding FTX but asserts that it does not compare to the fraudulent activities seen in Lehman Brothers or Bernie Madoff cases, emphasizing the resilience of the crypto industry moving forward.

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