Should YOU Invest in Bitcoin?
Bitcoin has been in existence for nearly seven years already, after having been introduced in a paper by Satoshi Nakamoto. Since then, the cryptocurrency has gained much hype, causing price to skyrocket in 2013 and to plummet the following year. Are there really rewards in investing in bitcoin? Apart from buying and selling bitcoin and profiting from the price changes like any other asset, there are other ways to profit from this digital currency. After all, the lack of volatility and the steady decline in prices over the past months could limit profits in this regard. Ways of Investing in....
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Throughout the years, ARK Invest CEO Cathie Wood has been a fan of blockchain technology and cryptocurrencies. In fact, Ark was the first ever public fund to invest in Bitcoin back in 2015 through the Grayscale Bitcoin Trust (GBTC). With cryptocurrency exchange giant Coinbase direct listing on the NASDAQ earlier last week, Wood’s various ARK […]
The CEO of investment management firm Ark Invest has warned that if the Federal Reserve does not pivot, the current economic setup will be similar to 1929 when the Great Depression started. Tesla CEO and Twitter chief Elon Musk agreed. The Fed, Inflation, and the Great Depression Ark Invest CEO Cathie Wood, who is also the investment management firm’s founder and CIO, shared her thoughts about inflation and how the Federal Reserve could push the global economy into a 1929-like depression in a series of tweets Saturday. She explained that the Federal Reserve raised interest rates....
Without a doubt, Cathie Wood has been one of the most vocal proponents of Bitcoin’s technology and value on Wall Street. Her fund Ark Invest was the first ever institutional fund to invest in through Grayscale Bitcoin Trust (GBTC) in 2015, which was when Bitcoin was only worth 200 dollars. One of Wood’s signature funds, […]
Although almost half of US citizens know what bitcoin is, only 13% would choose it over gold as an investment vehicle, suggests a new survey. The poll - which received responses from 2,039 adults aged 18 and over - was conducted by Harris Interactive, in partnership with a financial management company Yodlee back in December 2013. Although more people in the Western states knew what bitcoin was, that knowledge didn't necessarily translate into a desire for adoption. For example, a leading 55% of people in the West were familiar with bitcoin, however only 7% of them would invest in BTC over....