Known for her high risk high reward strategy, Wood told CNBC’s “Crypto World” Thursday that the amount of interest investors are showing in DeFi, or decentralized finance, applications could threaten the traditional banking world.
“Banks have a big problem,” Wood said from the Bitcoin 2022 conference in Miami.
“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.