Cathie Wood expressed her support on Sunday for the Ethereum (CRYPTO: ETH) Foundation’s proposed upgrades aimed at enhancing the network’s scalability and privacy.
What Happened: Wood, the CEO of asset manager ARK Invest, said that while she may not understand all the technical details, she felt the Foundation seems to be “proposing the right moves.”
“I can’t say I understand all of the details here, but the Ethereum Foundation does seem to be proposing the right moves for scalability and privacy to maintain its lead in the institutional world,” she said.
Wood’s endorsement didn’t go down too well with cryptocurrency trader MartyParty, who accused her of shilling products she was unfamiliar with. MartyParty highlighted user pain points for even basic wallet transactions and challenged Wood to validate these on her end.
“If you don’t use a product, don’t shill it please,” the trader added.