ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. During the conversation, she praised...
According to ARK Invest CEO Cathie Wood, Bitcoin’s remarkable 130% rally in the past year can be derived from the global devaluation of national currencies. “There are currency devaluations taking place that people are not talking about,” Wood remarked in an interview with CNBC, highlighting significant drops in the value of currencies like the Nigerian naira...
ARK Invest CEO Cathie Wood expects Bitcoin’s value to soar on “financial superhighway” toward $3.8 million. “If institutional investors were to allocate a little more than 5% of their portfolios to bitcoin, as we think they will over time, that alone would add $2.3 million to the projection I just gave you,” Wood said at Friday’s Bitcoin Investor Day conference in...
