iShares S&P Global Timber Forestry

An observation, not necessarily correct, just for personal record: Recently, both Cathie Wood and Tom Lee have publicly spoken out, explaining the reasons for the current downturn in Crypto. Both attributed the reasons to the technical issues of the exchange on 10.10, resulting in a loss of 28 billion in liquidity, and the market sentiment is still recovering. When influential analysts simultaneously use the same rhetoric to discuss the reasons, it means they are trying to establish a certain consensus and narrative, namely that 'the liquidity risk in crypto comes from the technical issues of offshore exchanges.' When users, the industry...

Recently, I've been thinking about a question. If geopolitical risks lead central banks to increase their gold reserves (not for trading profits), and this trend is hard to reverse in the short term, then there won't be capital rotation from the gold sector. So how can cryptocurrencies attract incremental funds? Coincidentally, I've been reading ARK's 2026 report these past two days, and Cathie Wood remains a big bull on AI and crypto...