Katie Wood: most cryptocurrencies will soon reach their historical high

Cryptocurrency analyst and head of ARK Invest Katie Wood believes that digital assets are poised for historic growth after the election of Donald Trump and the expected political situation that will be favorable for cryptocurrencies.

Wood noted that crypto technologies, in her opinion, are an important part of the internet that has not yet been fully realized, but there is a threat that these technologies could be stopped due to the actions of the US Securities and Exchange Commission (SEC), but with the arrival of a pro-crypto administration, Wood believes that digital assets have a chance for one of the biggest growths in history.

«On digital assets, I’ve said before that bitcoin is an important part of this administration’s plans, particularly with regard to the creation of a strategic reserve. We are very excited about this. We believe that this is the part of the Internet that the developers of the early 90s failed to realize,» she said.

According to her, investors are at risk because of the SEC, because investors may miss out on this next big wave of the Internet.

«It's about commerce, financial services, digital property rights, and now we believe this administration will bring innovation back to where it all started and we’ll be back on the wave,» Wood added.

The analyst emphasized that deregulation is key to allowing innovations to make the biggest breakthrough in their history, as these technologies are ready after 25 years of development.

Earlier, Real Vision CEO Raul Pal believes that Donald Trump’s victory in the US presidential election could help the Ethereum network outpace bitcoin in terms of practical application in traditional finance.