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Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency’s market cap hits $2 trillion.“The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion, I think,
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ARK Investment Management CEO Cathie Wood said she believes more companies will load their balance sheets up with bitcoin.In a Saturday interview with Yahoo Finance, the exchange traded fund (ETF) magnate and outspoken bitcoin advocate said large companies have asked her if they should follow Square. Inc’s lead. Square is
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Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.Forbes called her “the newest superstar investor,” and it’s not hard to see why. Cathie Wood is radically disrupting the way money is allocated. Fighting the rise of passive – what she calls the
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Gavin Wood, an original co-founder of Ethereum, took a few good swipes at the second-largest cryptocurrency he helped create, calling out its lack of “agency” when upgrading to its next version, Ethereum 2.0. Wood, the founder of Parity Technologies, said Ethereum lacks governance and ability to easily carry out upgrades during
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