Cathie Wood says bitcoin is in “early days” given its new interest from institutions and its diverse use cases. Continue browsing if you are happy with that, or see, Authenticator Alert – Securing Your Crypto. (Bloomberg) -- Cathie Wood says Bitcoin is in “early days” given its new interest from institutions and its diverse use cases. Wood was named the best stock picker of 2020 by Bloomberg News editor-in-chief emeritus Matthew A. Winkler. While it had a shaky couple of months during the first half … She said the fall was part of a “healthy correction” after the recent surge in the bitcoin price. Cathie Wood's main fund has declined as much as 25% since its record close on February 12. Benzinga Staff. “We think as it becomes a better accepted new asset class ... We do think it will behave, actually, I would say more like the fixed income markets, believe it or not,” Wood said on CNBC’s Closing Bell. Cathie Wood and her firm Ark Invest have been a hot topic of discussion. It is Bitcoin’s technology or Bitcoin’s blockchain is the most secure of any other blockchain.”. The ARK Investment Management is lead by Cathie Wood, a known Bitcoin proponent herself, and even supported Tesla’s decision to buy $1.5 billion in Bitcoin calling it a tipping point. Cathie Wood Talks Bitcoin Hitting $400,000, Rise Of NFTs. © 2021 Benzinga.com. by Chris Katje. Ripple and XRP • Altcoins • A question that has long bedeviled bitcoin observers is how to value it. Cathie Wood Thinks Bitcoin And Other Cryptocurrencies Could Soon Become Part Of Typical Investor Portfolios. February 23, 2021 8:00 PM PST Bitcoin rallied back above $50,000 on Wednesday, aided by supportive comments from Ark Investment Management’s Cathie Wood. Fortune - Cathie Wood’s primary ETF joined the broader tech rally, delivering a reprieve from a month of selling. March 3, 2021 4:10 pm. Blockchain • Regulators • BTC … Crypto Livewire, ABOUT US | EDITORIAL POLICY | PRIVACY POLICY Bitcoin, Regulators Hedge fund heavyweight Cathie Wood of ARK Invest says U.S. Treasury Secretary Janet Yellen doesn’t understand cryptocurrencies and Bitcoin. Read full article. “This idea of a 60-40 balanced portfolio is a bit problematic”, she notes, explaining that bond prices are especially high relative to history. License. Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market cap potential. What … Cathie Wood, seen here in a screenshot from a YouTube video published by ARK Financial Management LLC, touts her strategy of investing in what she calls disruptive companies in … Ark was the first to highlight the idea of firms using bitcoin as a … Cathie Wood’s magic touch is being put to the test following Ark Investment Management’s decision to increase its stake in Tesla Inc. Shares of the electronic carmaker fell as much as 2.7 per cent to US$776 in New York. Wood said she thinks bitcoin is a better hedge against inflation than gold. Wood’s call for bitcoin to go higher this year has already been proven right. Click here for options trades from Benzinga, Major Crypto Exchange Coinbase Closes In On Going Public With Pre-IPO Valuation Of 0B, JPMorgan Adds 56 Blockchain-Related Jobs With Renewed Focus On JPM Coin. Tesla’s recent bitcoin investment amounts to about 8% of the company’s cash reserves. In a recent interview with Yahoo Finance, Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), talked about the Bitcoin. On Tuesday, the $20.2 billion ARK Innovation … Cathie Wood’s ARK Innovation ETF stages record rally as Bitcoin and tech surge - Flipboard We would not be surprised to see this new asset class become a part of those percentages. Ark Invest’s Cathie Wood believes that cryptocurrencies could soon become a part of recommended portfolios for everyday investors. Scams • Crypto101 • HodlX • Explore • Futuremash • Ark disclosed late Wednesday that its … And what did that tell us? The Ark Invest CEO revealed that in real estate and emerging markets, institutional investors started “with a half a percent allocation, then [1%], and then 5% or thereabout seemed to be the right number.”. “We’ve been through a 40-year bull market in bonds. Wood also said that at the moment, the price of bitcoin is most closely correlated with real estate prices. The Ark CEO notes that a typical investor portfolio consists of a 60% allocation to stocks and a 40% allocation to bonds. Maybe 60% in equity, 20% in bonds, and 20 –– in crypto,” Wood said. In a Bloomberg interview, the head of the global asset management firm explains why Ark Invest is extremely bullish on the leading cryptocurrency. According to Wood, Bitcoin could rise to as high as $500,000 if institutional investors made a similar mid-single-digit allocation to Bitcoin. “Our confidence in it (Bitcoin) has gone up since 2017. All rights reserved. Ark Invest founder and CEO Cathie Wood is calling Bitcoin the reserve currency of the crypto asset ecosystem. What Happened: In her most recent interview with CNBC, Wood even went on to say that the currently volatile cryptocurrencies could soon stabilize and behave as bonds do. TERMS AND CONDITIONS | CONTACT, We use cookies to give you the best online experience possible. Star stockpicker Cathie Wood remains bullish on bitcoin, warns on banks . In a new video, Wood addresses Janet Yellen’s recent assertion that Bitcoin is “extremely” energy inefficient and a … The largest cryptocurrency advanced … Feb 25, 2021 1:39 PM EST Bitcoin is poised for takeoff, with a potential market capitalization in the trillions, says star money manager Cathie Wood, founder of … Ark Investment CEO Cathie Wood appeared at the virtual investing in tech seminar put on by Barron's where she discussed the rise of Bitcoin. That confirmed in our mind that Bitcoin is the reserve currency of the crypto asset ecosystem. Cathie Wood: $500,000 Is Certainly Possible No doubt bitcoin has done extremely well. Last month, Wood told Barron’s that continued interest in Bitcoin by institutional investors could push BTC’s price even higher. Cathie Wood: BTC Will Replace Bonds In a recent interview, the monetary executive claimed that she’s confident bitcoin will one day replace bonds, and that the currency is … Featured Image: Shutterstock/Dominate Studio, Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology, Bitcoin • Ethereum • Trading • Why It Matters: Retail investors have often been skeptical about allocating a percentage of their portfolio towards cryptocurrencies due to their perceived risk. Related Articles. ARK Invest CEO Cathie Wood: Bitcoin Has a ‘A Much Bigger Idea Than Apple or Amazon’ | Cryptoglobe Because what we saw as it dropped from $20,000 to below $4,000 – it actually got well into the 3s ($3,000 level), I think in 2019 – was that Bitcoin’s share of the crypto asset ecosystem moved from the low 30% range in terms of network values into the low 70% range. “We’re very positive on Bitcoin, very happy to see a healthy correction here, no market is straight up,” Ark Investment Management’s Cathie Wood said in a Bloomberg interview. Bitcoin should be considered a new asset class, one that may even serve as a reserve currency in the future, ARK Invest’s Cathie Wood said Thursday. Lately the answer to its worth has been whatever influential people like Elon Musk and star stock picker Cathie Wood … Ark Investments CEO Cathie Wood is such a big champion of Bitcoin and Tesla that she doesn’t seem worried about the double-digit declines in both this … In a Benzinga interview, Wood said she'd focus … Add a Comment. Catherine D. Wood (born c. 1955) is the founder, CEO, and CIO of ARK Investment Management LLC (Ark Invest), an investment management firm that managed the largest actively-managed exchange-traded fund in 2020. It is the flight to safety currency. Analysts from JPMorgan Chase & Co. (NYSE: JPM) also recently recommended a 1% portfolio allocation towards cryptocurrencies to its clients. In a Bloomberg interview, the head of the global asset management firm explains why Ark Invest is extremely bullish on the leading cryptocurrency. Wood’s recommended 20% crypto allocation, however, far exceeds what typical fund managers and investment banks have previously suggested. ARK Innovation is down 30.99% from its high on February 16th, 2021. As reported, Cathie Wood has earlier this year argued there is “no better hedge against inflation than bitcoin,” as she believes gold “has been moving although not it’s lagging bitcoin fairly dramatically.” Featured image via Pixabay. Cathie Wood said Ark remains “very positive” on bitcoin despite the recent drop. See Also: Reddit traders are helping to inflate a bond bubble: Ark's Cathie Wood. So it is the reserve cryptocurrency which is a very important role. Bitcoin Ark Invest founder and CEO Cathie Wood is calling Bitcoin the reserve currency of the crypto asset ecosystem. Bitcoin represents a new asset class and may serve as a reserve currency in the future, said the founder and CEO of ARK Invest Cathie Wood on Thursday, during an online conference hosted by Bloomberg.. Ark Invest's Cathie Wood has said bitcoin could become a central part of investors' portfolios as it becomes a "better accepted new asset class", leading to … However, more recently, some large retail investors have begun making somewhat sizeable allocations towards cryptocurrencies – one of them being billionaire investor Kevin O’Leary who recently disclosed a 3% portfolio allocation towards cryptocurrency. Benzinga does not provide investment advice. Speaking as part of a panel for the Bloomberg Crypto Summit, the founder of Ark Investment Management said the largest digital currency has trillions in market capitalization potential. In an interview with CNBC, Cathie Wood …
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