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Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis. Go to Source Powered by WPeMatico
Bitcoin’s rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood’s ARK portfolio. Go to Source Powered by WPeMatico
Bitcoin lines up a fresh charge at multi-month resistance, but BTC price action is already facing calls for a comedown triggered by CPI. Go to Source Powered by WPeMatico
ARK appears unfazed by Silvergate as it increases COIN exposure by over 700,000 shares so far in 2023. Go to Source Powered by WPeMatico
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as “an insurance policy for everyone against the … Read more
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power. Go to Source Powered by WPeMatico
The crypto and innovative tech investment firm is confident that inflation will fall and the Fed will pivot in 2023. Go to Source Powered by WPeMatico
Market uncertainty calls for an opportunity to take advantage of disruptive innovation which has historically “gained share during turbulent times,” says ARK Invest CEO. Go to Source Powered by WPeMatico
Bitcoin was not an option for “control” of the market by Bankman-Fried, Wood says, as Michael Saylor says he “undermined” the BTC network. Go to Source Powered by WPeMatico
BTC price action is suffering from FTX, but decentralized blockchains are “as strong as ever,” says ARK Invest. Go to Source Powered by WPeMatico