At the time of writing, Bitcoin is trading the time for $16,518.92, and Ethereum is trading for $1,164.89. While both of these prices are far away from their all-time highs, their current prices are considered “stable” thus far, considering the collapse FTX, and the contagion it’s causing across the industry. Cryptocurrency lending firm Genesis Global Capital is the latest to be affected by the FTX collapse. The firm has recently hired a restructuring adviser to explore all possible options that include, but aren’t limited to, a potential bankruptcy. Coinbase took to Twitter to remind their customers that their financials are public record and they hold $2M Bitcoin. The transparency, combined with the fall of FTX was enough for Cathie Wood to go deeper into her Coinbase investment, as ARKK increased its holdings by purchasing more than 1.3 million shares of Coinbase since the start of November, worth about $56 which or around 4.7% of Coinbase’s total outstanding shares. In an interview with Bloomberg Wealth, Cathie Wood discussed why she doubled down on Coinbase, and her bullish outlook for Ethereum and Bitcoin are heading after the FTX.
Cathie Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm. Cathie Wood started the firm in 2014, after her idea for actively managed exchange-traded funds based on disruptive innovation was deemed too risky by AllianceBernstein. The company is named after the Ark of the Covenant. In 2020, Wood was named the best stock picker of by Bloomberg News editor-in-chief emeritus Matthew A. Winkler.
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“I’m More Confident In Bitcoin Since the FTX Collapse” | Cathie Wood
Cathy you are dreaming….
And your portfolio …did what this year?
2million bitcoins*
24 billion staked @ ETH cause no one can access it 😂
FTX was a scam from the beginning it was NOT an exchange do your homework … only stupid people lost money many were warned but once again got caught in greed
she is beyond clueless, babbling along
AI has come a long way
Regulation goes against the ethos on which Bitcoin was founded. It will become another fir of government controlled money instead of money that is free from government intervention, which is what Satoshi wanted to create.
It's unfortunate that many investors haven't found their way in this volatile market lately, both in stocks and crypto, but the truth is that most traders these days tend to gamble with their wealth because they didn't take advantage of it and adequately studied the market. know where it is right for them to invest. Although bitcoin has fallen, it is still prudent to get into day trading now to add to what little we hold ahead of the next bull market. So far I've been successful in business with the help of Bronson Collier signal.
Always good to hear your thoughtful and logical analysis. I don't care about bullish or bearish market. Trade a small percentage of your portfolio rather than going in and out every couple weeks trying to time the market trading went smooth for me as I was able to raise over 8.4 BTC when I started at 3 BTC in just few weeks implementing Bronson Collier daily trading signals and tips..
2 million Bitcoin
I will stick with stocks, bonds, money market and SDIC insured banking
All these Rich and famous ppl influences shit 💩 so we follow and make them more rich
Miners can bitcoin zero
Technology and value =0
ARKK performances prove that Cathie Wood is a below-average investor. Not a pundit.
Who is really asking for a btc etf? Much better off buying the underlying and moving the coin to cold wallet. Also this is the same person that called $100k btc last year at this time
An "expert" who sold everything in December 2021 might be worth listening to. Cathie Woods followed this down 70%. Everyone else is just chucking darts at a dartboard or earning fees on gambling other peoples money.
Ponzi pumper got to pump the ponzi! A liar telling more lies! From bitcoin to shit coin the surveillance ponzi scam built on insider trading!
Why is everyone ragging on her performance in one year. Clearly her time horizon is 10-20 years from now
Everyone is hating on Cathy Wood and ARK. This has been the worst market in over 80 years where everything is down and risk assets such as tech is by far down the most…which is almost entirely all of ARK. In time, this market will bounce back and higher than ever before. This is when you invest and lock in your positions. In time, likely once the Fed goes back to QE, she’ll be proven right again.
With her definition of (centralized) DeFi her long-term views on crypto coins like Bitcoin can only result into centralized CBDC's pushing Bitcoin out of the market. Whether she is doing it knowingly, or not ….
Cucu …
Coinbase holds 2 million Bitcoins (e.i. around USD 39 Billion) – not USD 2 million