Cathie Wood is the founder and CEO of ARK Invest, an investment firm that offers exchange-traded funds focusing on disruptive innovation. Wood has been a long-time advocate of Bitcoin and blockchain technology, even going so far as to call it the “internet of value.” So, does Cathie Wood invest in Bitcoin?
The answer is a resounding yes. In fact, Wood’s firm was one of the first to offer a Bitcoin exchange-traded fund (ETF) in the United States.
The ARK Web x.0 ETF (ARKW) invests in companies that are “poised to benefit from the ongoing development of the internet,” including those involved in cryptocurrency and blockchain technology.
NOTE: This question is often asked by people interested in investing in Bitcoin. It is important to note that Cathie Wood does NOT invest in Bitcoin. She is the CEO of Ark Invest, a publicly-traded investment firm that invests in companies related to disruptive technologies. While Ark Invest does include some cryptocurrency investments, these investments are focused on companies that are developing the technology and infrastructure for cryptocurrencies, not investing directly in Bitcoin or other cryptocurrencies. Therefore, it is important to understand the difference between investing directly in Bitcoin and investing in companies related to cryptocurrencies.
While Wood is certainly bullish on Bitcoin, she has cautioned that it is still a very new and volatile asset. In an interview with CNBC, she warned that investors should only allocate a small portion of their portfolio to Bitcoin, as it could potentially lose all of its value.
Still, for those who are willing to take on the risk, Wood believes that Bitcoin could be a great long-term investment. She believes that the cryptocurrency could eventually reach $500,000 per coin, making it one of the most valuable assets in the world.
So there you have it. Does Cathie Wood invest in Bitcoin? Absolutely.
Is she bullish on its future? Without a doubt. But she also warns that investors should be cautious with their exposure to this still-new and highly volatile asset class.
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