Cathie Wood supports Elon Musk's visionary leadership at Tesla, discusses Bitcoin ETFs, and maintains strong optimism about Bitcoin's transformative future.
Xu LinCathie Wood's bullish outlook on Bitcoin and the Ark 21Shares Bitcoin ETF remains steadfast, projecting a $1.5 million price target and anticipating substantial institutional inflows. However, she challenges the SEC's cautionary stance on Bitcoin-related ETFs, characterizing it as old DNA dismissing the new in the realm of disruptive innovation.
BerniceCathie Wood's optimistic outlook on Bitcoin's future, post-ETF approval, contrasts market speculations. Her insights revolve around increased institutional participation, potential asset substitution, and Bitcoin's scarcity, projecting a bullish trajectory for the cryptocurrency.
Huang BoARK Invest, managed by Cathie Wood, attracted attention for selling $25 million in Coinbase (COIN) shares on January 3, amid a 3% stock decline to $152.24. This divestment trend has continued since December 2023, totaling over $125 million in COIN shares, signifying a significant shift in the company's investment strategy.
Xu LinGavin Wood, Polkadot, and blockchain's game theory intersection for innovation
SanyaParity Technologies, responsible for developing Polkadot, has recently been reported to be facing financial difficulties, leading to a significant number of layoffs.
OliveArk Invest CEO Cathie Wood extended an open letter to the Fed on Monday, urging them to halt raising interest rates.
OthersCathie Wood’s investment firm ARK Investment Management is the third-largest shareholder of Coinbase, reportedly holding nearly $9 million as of late June.
CointelegraphShort-term Bitcoin price action once again feels like a different animal to bulls' high-timeframe conviction.
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