• Cathie Wood said that thought leaders should weigh the lessons of crypto crises.
• She believes that Bankman-Fried hated it for its decentralization and transparency.
• The Bahamas regulator seized more than $3.5 billion of FTX client assets.

As the dust of the cryptocurrency market settles, a Web3 leader calls on cryptocurrency thought leaders to take lessons and make new projections for the coming year. Cathie Wood, Founder and CEO of Ark Invest, a global asset manager specializing in disruptive innovation, said:

This is a good time for thought leaders to assess the lessons learned from the crypto crises and reassess the outlook for bitcoin, ether, and other crypto assets.

Wood also argued that Sam Bankman-Fried, the disgraced CEO of the bankrupt FTX exchange, hated Bitcoin “because of its decentralization and transparency, since he couldn’t control it.” A verified Twitter user @sharath_darsha seconded the CEO’s claim, adding: “SBF never liked (ADA), even though it was a top 10 crypto coin.”

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