“What we’re seeing is 180 degrees different today than it was a year ago,” she said.
She cited the U.S. Treasury Secretary Janet Yellen’s change of heart regarding cryptocurrencies. Yellen has always criticized Bitcoin and altcoins because of their environmental harms and risks of illegal activity.
“I remember I was asked at the time and I basically said she hasn’t studied the technology and she hasn’t studied the instruments of the new asset class. Well, it seems like she’s been boning up,” Wood said.
Wood’s firm was the first public asset manager to adopt Bitcoin, in September 2015. The billionaire said her firm believes Bitcoin will reach $1 million by 2030.
