ChainCatcher message, during a discussion with Cathy Wood on the topic of "ARK 21Shares receiving Bitcoin ETF approval" in Spaces, Elon Musk commented on Bitcoin as "engineered scarcity."Note: Engineered scarcity is a concept that typically creates artificial value and utility through technology, allowing people to store wealth in things that maintain purchasing power over the long term. It is crucial in a world rich with robots and artificial intelligence, as it ensures long-term financial security.

ChainCatcher news, ARK Invest CEO Cathie Wood stated in an interview with CNBC that, given SEC Chairman Gary Gensler's deep understanding of Bitcoin, it is hard to come up with a reasonable explanation for his opposition to a spot ETF. Before serving as SEC Chairman, he taught cryptocurrency and blockchain courses at the Massachusetts Institute of Technology (MIT).Wood then mentioned the "speculation" regarding Gensler's desire to become the U.S. Treasury Secretary, noting that the Treasury Secretary "is very focused on the dollar," implying that Gensler's ambition to become Treasury Secretary may be the real reason for the blockage of the spot Bitcoin ETF. Wood also predicted that the spot ETF will eventually be approved and stated that by 2030, the market capitalization of cryptocurrencies will increase from the current $1 trillion to $25 trillion. The SEC is currently reviewing 12 Bitcoin spot ETF applications, including those from ARK Invest.