Cathie Wood considers crypto as safe haven amid SVB, banking crises
Cathie Wood, CEO of Ark Invest, stated that cryptocurrencies acted as a safe haven in the midst of the ongoing SVB, and banking crisis in the United States. Cathie Wood attributed the recent demise of companies like Silicon Valley Bank (SVB), Signature, and others to the Federal Reserve’s policy failure. As a result of the […]
Ark Invest Buys Almost $20M In Coinbase Stock
Due to regulatory uncertainty, Cathie Wood’s Ark Invest added to its holdings of Coinbase (COIN) shares as the stock price fell below $58. In spite of the regulatory uncertainty in the cryptocurrency business, Ark Invest CEO Cathie Wood continues to buy shares of cryptocurrency exchange Coinbase at low prices. A total of 14,636 Coinbase (COIN) […]
Bitcoin will reach $1M by 2030 – Cathie Wood
The CEO of Ark Invest Cathie Wood still has high hopes that Bitcoin will surge in price and attain a worth of $1M by 2030, regardless of the present state of the crypto market. Despite the ongoing decline, however, Cathie Wood, founder of Ark Invest, maintains her optimistic stance about the price forecast of bitcoin. […]
Cathie Wood’s Ark Invest Dumps Paypal For Cash App
Cathie Wood opines that Venmo is simply a follower of Cash App, which has more than doubled Venmo’s earnings from about half the number of customers. Cathie Wood, the founder of crypto investment firm Ark Invest, has sold all of the firm’s PayPal assets and expressed higher confidence in the long-term growth of the Cash […]
Ark Invest’s founder did not invest in the first Bitcoin Futures ETF
Ark Invest founder and CEO Cathie Wood passed on buying the first Bitcoin futures ETF citing an investigation into tax ramifications as one of Ark Invest’s reasons for withholding for now. According to Business Insider, Ark Invest founder and CEO Cathie Wood did not invest in the ProShares Bitcoin Strategy Exchange Traded Fund, or ETF, […]