Does Cathie Wood prefer Solana over Ethereum?

Cathie Wood Ark Invest AI


IMPORTANT POINTS:

  • Cathie Wood recently left a strong reflection by highlighting that “Solana is faster and more profitable than Ethereum.”
  • The director of Ark Invest was very surprised with the efficiency of SOL, which explains the price increase in the token.
  • Solana has climbed to seventh place in terms of market capitalization, with a valuation exceeding $23 billion.

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Cathie Wood, an investor known for betting on innovative and disruptive assets such as cryptocurrencies, has made a statement that caught the attention of her followers.

The director of Ark Invest spoke in favor of Solana while the token has accumulated an increase of more than 475% so far this year.

Wood compared Solana to Ethereum by clarifying that SOL is more efficient and profitable than ETH:

Solana is doing a really good job. If you look at Ethereum, it was faster and cheaper than Bitcoin at the time. Now, Solana is faster and more profitable than Ethereum,” he said in a conversation with CNBC.

While this is not the first time he has highlighted Solana, Wood had previously said that the platform was very efficient in terms of speed and profitability.

Cathie Wood’s latest opinion on cryptocurrencies

Wood’s support for cryptocurrencies and especially Bitcoin is public knowledge, but lately she has been upset with the regulatory environment that the United States poses with the SEC.

He has criticized the US body for the senseless delay in approving Bitcoin and Ethereum spot ETFs. However, he remains bullish on Bitcoin, expecting the asset to skyrocket to $1 million by 2030.

Solana has climbed to seventh place in terms of market capitalization, with a valuation that exceeds $23 billion, accumulating an increase of 111% in the last 30 days.