ARK Invest CEO Cathie Wood says that Bitcoin (BTC) and Ethereum (ETH) have continued to chug along even amid the crises faced in the legacy markets.
In a new episode of In the Know, Wood says the Bitcoin and Ethereum networks are functioning as expected and are not in any way affected by the high-profile collapse of Silvergate Bank and Silicon Valley Bank.
“The Bitcoin blockchain and Ethereum, those two blockchains have not skipped a beat. There have been no transactions interrupted. The smart contracts, which are rules-based, when there’s a margin call – a stock goes down or something drops in value – there’s an automatic margin call. It just happens automatically in this over-collateralized system…
What has happened with the Bitcoin and Ethereum
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