ARK Invest CEO Cathie Wood Bullish on Bitcoin’s Continued Surge
ARK Invest CEO Cathie Wood is confident that Bitcoin (BTC) is poised for further growth, citing its performance against gold as a key indicator of its upward trajectory.
Bitcoin’s Anti-Fragile Nature
Wood recently shared a Bitcoin-to-gold chart, highlighting the ongoing uptrend that BTC has maintained. She attributes this trend to Bitcoin’s “anti-fragile” nature, which has allowed it to weather various market challenges in recent years.
“This uptrend has not been broken. Again, this aligns with the net bullish risk-on kind of market that we think we’re in, and I guess you could call the markets anti-fragile, which is a description used in Bitcoin. It’s been able to withstand all kinds of turmoil and we think that the markets, the equities markets, are following Bitcoin in this regard.”
Optimism in the Crypto Industry
Wood also expresses optimism about the crypto industry, citing regulatory clarity under the Trump administration and anticipating a transformation in the financial services sector.
“We think this is a very powerful movement. We think the financial services sector is going to reconfigure completely in the next five to ten years, and that of course Bitcoin and now Circle and of course Coinbase as well. Robinhod, [and] others… SoFi is now moving back into crypto in a big way now that regulatory clarity is here. So, thank goodness for that.”
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