Challenges of Ethereum, Defi and Cryptocurrencies by Cathie Wood 

Cathie Wood mentioned that...
"We thought Bitcoin would be the reserve currency and we were
looking for the other currencies.
And Ether was showing up as a very strong second.
And I have been surprised at how Ether and the Ethereum network
is mushrooming with stable coins.
Nfts decentralized finance.
It's clearly satisfying a huge, unmet need.
One of those needs is yield out there.
And we see that in the fixed income markets, the ridiculous
rallies that have taken place, taking junk bond yields down
to just a couple of hundred basis points above Treasuries.
That's kind of nuts.
So this hunger for yield is being satisfied by a much more
efficient financial ecosystem.
And I think many more people are more open minded to it as
well. Let's see one of the things that has struck me from
the beginning."

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