Cathie Wood’s ARK Is Going Full Crypto

0

Last Updated on 19 April 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / [email protected]
View all posts

Wall Street is normally a very masculine world with male CEO’s trying to outsmart each other, think Jamie Dimon over at JP Morgan or Lloyd Blankfein at Goldman Sachs. In 2020 the leading role on Wall Street was for a woman though, by the name of Cathie Wood.

Her ARK Investment fund was the big winner of the pandemic year and so in 2021 everyone is eyeing what she’ll buy next. In the beginning of the year we even told you about the link between Bitcoin, ARK and Tesla.

YouTube video

Last week, Ms Wood made another very bullish bet, when the three Exchange-Traded Funds offered by her company Ark Invest (including the flagship Ark Innovation ETF) all added massive blocks of shares in Coinbase to their positions.

In all, ARK bought over a million shares in Coinbase, and added it to her position which is highly focused on tech and cryptocurrency exchanges. With this latest move, it looks like ARK is going full crypto.

During a press round, Ms Wood explained that she’s bullish on Coinbase, because she sees the trading exchange of CEO Brian Armstrong as the big winner in the rapidly growing business of buying and selling Bitcoin, Ethereum and other cryptocurrencies.

Advertentie.

Rival gold

Furthermore, Cathy Wood had previously declared that she is convinced Bitcoin will one day rival gold. Her exact words were that the future total market capitalization will one day comfortably eclipse that of gold and exceed $10 trillion.

We cannot wait to see how Peter Schiff will react to that one.