ME message, December 15 (UTC+8), December 15, Cathie Wood recently expressed her top three favorite cryptocurrencies and their positioning: · Bitcoin: as a major entry point for the global monetary system and institutional funds entering the crypto market; · Ethereum: positioned as an infrastructure layer for institutions; · Solana: a public chain centered on consumer applications. During the 1011 flash crash, Bitcoin was the most liquid among all cryptocurrencies, often being the first to be sold off and dragging down other coins. Other coins experienced larger declines. As related information has been digested, the market may have already bottomed out. The market is focusing on whether large traditional financial institutions (such as Morgan Stanley, Bank of America, Wells Fargo, UBS, etc.) will officially introduce Bitcoin through ETFs in this cycle, a decision that could become an important variable influencing the next stage of the market. (Source: ME)
