Cathie Wood says crypto ETFs will not “lose a lot of their luster” and will stay around for those who just “wanna push a button.” ARK Invest CEO Cathie Wood says crypto exchange-traded funds (ETFs) will likely maintain their place in the economy, regardless of how widespread crypto wallet adoption becomes over the next decade.…
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The ARK Invest CEO expects that trend to continue now that investors can trade Bitcoin in a more accessible way through spot Bitcoin ETFs. Investors are started to move from gold to Bitcoin (BTC) after the launch of spot Bitcoin exchange-traded funds (ETFs), according to the CEO of ARK Invest. “Relative to gold, Bitcoin has…
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Central issues: Cathie Wood wagers on Bitcoin as a support against likely emptying and favors it over gold or money for a 10-year hold. In spite of Bitcoin’s critical drop in 2022, its worth has dramatically increased for the current year, and it’s viewed as a likely support against expansion. The head of ARK Investment…
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