HashKey Capital CEO 邓超对话木头姐，预测最新趋势并披露 Ark Invest 投资大方向

原文作者：techub news

原文来源：techub.news

In the "2024 Hong Kong Web3 Carnival", Cathie Wood, CEO and Chief Investment Officer of ARK Invest, had a fireside chat with Chao Deng, Head of HashKey Singpore and CEO of HashKey Captial, in which Cathie Wood predicted the latest trends and disclosed the general direction of Ark Invest's investment. The following is the full text of the conversation.

DC: Good morning, everyone! (For today's roundtable conversation) I feel a little pressure, but I'm also very happy and very excited, I'm from HashKey Capital, our company is a first-tier institutional investor in the Web3 industry, with over $1 billion in assets under management (AUM), 500+ invested projects, and started its official business in Singapore in 2015.

We have Cathie Wood with many years of experience in the investment field and we are very pleased to have her join us. Before we dive in, I'd like to ask Cathie, would you like to say hello?

Cathie Wood: It's a great pleasure to be part of today's roundtable conversation, and I'm sorry I can't be there in person, but I'm very honored to be invited to join us today. I have just heard a lot of Hong Kong officials and important leaders talking, and I am very encouraged by this, and I hope that today I can also bring you some views and perspectives from the United States.

DC: Today's invited guests are experts from the blockchain ecosystem and fintech fields, and Cathie will bring us predictions on the mainstream trends and the latest trends.

I would like to ask, what is the general direction of Ark Investment in the past few years, and how will it affect a single business or individual in the blockchain in the future?

Cathie Wood: That's a big question, and over the last couple of years we've seen Bitcoin, blockchain technology maturing, and I think that's a very big concept. Why do I say this is a very big concept? Because the Internet financial system from the perspective of Bitcoin is all interrelated, and the whole system was not considered in the early days of the Internet in the 1990s.

Nowadays, all aspects of E-commerce and the financial system have begun to be affected by Web3. The main impact we see at the moment is that a lot of development is still in the very early stages, and it's a market that needs to be developed globally, it's cross-border, and it touches everyone. As long as you have an internet connection, you can be a member.

It's exciting to see that Web3 is already taking shape, with generative AI, such as the telephone and television. Through technology, production capacity and income can be greatly improved, and there can be a better way to live, everyone can have a better way to enjoy life and personal time, so that everyone can be much more efficient when they are awake.

From 30% to 40% in 2010, we will do more in the next 5-10 years. In addition to Bitcoin, there are other "digital assets" that can not only do better in a bull market, but also help us hedge against risks. In the past, regional banks did not do so well when they went through a crisis, and instead Bitcoin grew by 40%. This year, we have seen that the currency depreciation of developing countries is becoming less and less valuable, but on the contrary, the value of bitcoin has continued to rise. More individuals around the world understand the true meaning of Bitcoin, and [Bitcoin] is very resistant to stress and depreciation.

DC: Let's move on to AI, which is a very hot topic in Silicon Valley right now, and it's also getting a lot of attention in Hong Kong.

How do you think AI will be integrated into the blockchain through technology in the future, and what impact will it have in Web3?

Cathie Wood: That's a very good question, we have a monthly Bitcoin brainstorming event, and we also did a podcast when we talked about the integration of AI and Bitcoin, and we think you will learn about the so-called Internet economy, whether it's Uber or Airbnb, there's a lot of it that is happening in Asia. In the future, people will slowly see the benefits, especially for developing countries, such as Africa, which will bring very rapid change.

At the same time, we also see that blockchain technology and games will be promoted and promoted by AI technology to a greater extent, which is a very interesting area. I saw on the news the other day about Sony's investment in gaming and Polygon's investment in Blockchain, and I could see that more and more money is going to be injected into this space.

For example, NFLRivals and Polkadot in the NFL will have more and more game projects that integrate AI technology and blockchain technology to create more interesting products. Nvidia was very serious about this in 2014, and I can see that the integration of Nvidia's GPUs with Gaming has been successful, and I am very confident that it will definitely be a major area of development in the future.

The core spirit of AI is to give us faster processing power, and games are always at the forefront of the times, and the results reflected in the game field are just around the corner.

I was at a very famous conference in Miami where I talked about how more and more people will be involved in the virtual market and combine it with existing ideas, rather than just trading virtual currencies. In "F1", we can see that more and more blockchain technology will be injected into it, and more and more users will join us.

DC: We're now turning back to virtual assets, and again, congratulations, ArkInvest's Bitcoin Spot ETF has been successfully listed, what do you think are the most important milestones for the digital asset ETF industry?

Cathie Wood: A lot of people are surprised that in the last five years, Europe has been able to do transactions, but they have never been in such a sudden burst as in the United States, there are always a lot of dramatic events in the United States, and you also know the recent litigation in the United States, from a regulatory point of view, as long as the SEC and other American regulators come across Crypto, as long as they encounter virtual, they are very resistant, so the litigation allows us to take a big step forward, and slowly let the American regulators understand that virtual currency, Bitcoin can be traded safely, to a certain extent it can be regulated and traded safely, and this time they approved a total of 11 ETF projects, which has never happened before, and for the first time in history, so we started to do our best to do marketing, do investor education, and give investors more education and training, so that they can better understand how to operate in it.

For example, in the United States, a very, very large number of customers have begun to realize that even completely different asset field classes can be invested, and more and more institutions and investors are willing to really put money in, because this asset field can be hedged with other fields, not linked, of course, Bitcoin also has risks, there are bull and bear markets, but unlike other currencies (gold) can be linked to many factors, how can Bitcoin be independent and have its own trend? Because it's asset independent, if you put it in the asset portfolio, because it's not tied to anything else, you can increase the return on the asset in this way and spread more risk.

For low-linked products, there is great interest for some investors in the United States, and they are willing to try it.

DC: Yes, I'm very happy to have an open and transparent government in Hong Kong that leads the development of the industry, and has given a lot of good policies. I'd like to hear from you, what advice do you have for the Web3 community in Asia, and what advice do you have for regulators, for investment institutions, and for the Asian and Hong Kong markets?

Cathie Wood: I think you're very remarkable, and the regulators in Hong Kong, such as the SFC, have done a very good job of providing a very comprehensive management structure that allows virtual asset commodities to be traded, and there are a lot of ways and mechanisms for institutional regulation. Regulatory transparency is crucial for the development of the industry and technology, and it also makes the development of technology more confident.

Hong Kong is very different from the United States, Hong Kong is developing much faster, I often talk about this in global financial conferences, it can be said that in terms of policy, Hong Kong is a "leader", very encouraging the development of innovation and technology, but also encouraging the investment of entrepreneurs, and the system of mutual cooperation with the government has given institutions a good model and model.

Even though there is a lot of uncertainty in the United States, Hong Kong has seen how to tokenize a lot of asset currencies and how to respond to market demand very quickly. It is a very good reference for us, Hong Kong's regulators have really played a very good leading, leading and exemplary role, and it has also allowed enterprises to develop (business) in the world with such confidence, and I am very happy and congratulations to Hong Kong's development.

Before I started my talk, I talked about my admiration and heard very good policies from other Hong Kong officials. It's a very good learning for us, and that's what I really mean, because a healthy and stable environment is essential for the development of the innovative technology industry, for investors, and for consumer protection.

I also encourage the U.S. to follow suit, because the U.S. is currently facing regulatory uncertainty and talent spillover in the blockchain space, and if regulators treat practitioners better and give them more clarity and freedom, we will see better results.

My advice is to leverage your regulatory experience to give entrepreneurs a better opportunity to expand globally.

DC: Thank you, Cathie, and I'm going to ask you one last question worth a million dollars, and that's a question that everyone here is concerned about, what is going to happen to the price of Bitcoin? I've listened to a lot of predictions, and I'd like to hear your opinion, some say $1.5 million, some say $2.3 million, and some say $3.8 million a bitcoin, Cathie, what's your current prediction? What will be the timeline?

Cathie Wood: I've been asked this question from different angles, and we've analyzed it from multiple angles and the result is that Bitcoin will rise to $1.5 million in 2030, and the price prediction comes from a survey of institutions, using float ratio and volatility analysis. The previous price prediction for Bitcoin in 2030 was $600,000, but the passage of the Bitcoin spot ETF will push the Bitcoin price to $1.5 million in 2030.

If I had given you that number last year, it would have been closer to $600,000 at the time, why add the figure of 600,000 to 1.5 million? If you allocate assets according to modern portfolio theory, 5% of assets allocated to bitcoin will give us an estimate of $1.5 million, because we think that investment institutions will move in this direction.

DC: Thank you Cathie for letting everyone know the $1.5 million per bitcoin estimate, and that's the final part of the fireside chat, and thank you Cathie for providing us with an insightful and interesting live discussion, goodbye, and a round of applause to Cathie.