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Tesla CEO Elon Musk has warned that a major rate hike by the Federal Reserve risks deflation in the U.S. economy. Musk’s warning followed an analysis by Ark Invest CEO Cathie Wood, who cautioned that “Leading inflation indicators like gold and copper are flagging the risk of deflation.” Elon Musk, Fed Rate Hikes, and Deflation […]Powered by WPeMatico
ARK argues that bearish continuation has limited room left to run, as on-chain indicators bottom out.
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Wood believes that Venmo is merely a follower of Cash App, which has generated more than double Venmo’s revenue from almost half the number of users.
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Short-term Bitcoin price action once again feels like a different animal to bulls’ high-timeframe conviction.
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Ark Investment Management (Ark Invest) has predicted that the price of bitcoin could surpass $1 million per coin by 2030. “Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way,” Ark’s analyst added. Bitcoin’s $1 Million Prediction by Ark Invest […]Powered by WPeMatico
The CEO of Ark Investment Management, Cathie Wood, says that the metaverse can become a multitrillion-dollar market. “It’s a big idea that will probably infiltrate … every sector in ways that we cannot even imagine right now,” she said. Cathie Wood Believes the Metaverse Will Be Multitrillion-Dollar Opportunity Ark Investment Management (Ark Invest) CEO Cathie […]Powered by WPeMatico
The pattern’s neckline support near $1,984 emerges as Ethereum’s downside target.
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Ark Investment CEO believes Ethereum’s development is promising and Bitcoin’s value will continue to rise as more companies and institutions adopt the cryptocurrency.
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Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC). Cathie Wood’s Ark Invest Predicts $500K Bitcoin […]Powered by WPeMatico
Michael Burry called the sub prime mortgage crisis and he’s now turned his attention to ARK’s flagship Innovation ETF which invests in companies like Tesla and Square as well as GBTC.
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