ARK CEO Cathie Wood Calls Bitcoin The “Biggest Of All Crypto Ideas”
Cathie Wood – CEO of tech-focused investment manager ARK Invest – says her conviction in Bitcoin (BTC) remains unshaken despite the asset’s recent “sell the news” market wipeout.
Bitcoin climbed for four months in a row after Bitcoin asset manager Grayscale bested crypto-skeptical federal regulators in court.
The event bolstered market confidence that a Bitcoin spot ETF would finally launch in the United States within the next few months. Yet after the product finally hit the market earlier this month, the asset’s bullish momentum quickly turned around.
“We’re very excited that Bitcoin is now in the ETF wrapper, and therefore very accessible at very low prices,” said Wood during an interview with CNBC on Wednesday.
CATHIE WOOD: The selloff has not disturbed our point of view at all – we think #Bitcoin is one of the most important investments of our lifetimes
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