Trump Meme Coin Faces Criticism, But Cathie Wood Sees A Bold Future
After receiving a considerable backlash in the market recently, US President Donald Trump’s meme coin found an unlikely ally: Ark Investment’s CEO Cathie Wood. Related Reading: Crypto Traders Wrecked As Trump’s Tariffs Spark $2 Billion Liquidation In an interview with Bloomberg, Cathie Wood boldly claimed that launching Trump’s meme coin is good for the industry and signals a paradigm shift. Wood claimed its launch was a “meme coin moment” and would help the crypto industry establish its claim as a legitimate digital asset. She further compared Trump’s meme coin launch to the initial coin....
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Described by Bloomberg as the "best investor you've never heard of," Cathie Wood has made a string of smart, future-facing bets, including a big stake in Bitcoin.
Bitcoin is still up in price despite the recent dips and the predictions have not slowed down. If anything, they have become even more prominent. Famed CEO of ARK Invest Cathie Wood has always been bullish on Bitcoin. The CEO earlier in the year had given what some would call an optimistic prediction for the asset. But to Wood, this is not too optimistic. When asked about her prediction, Wood explained that she and her firm still stand by the prediction. Cathie Wood’s earlier prediction had seen the CEO putting a future forecast for the asset’s price at $500,000. Pointing to market....
Cathie Wood, the CEO of Ark Invest, in an interview with Yahoo Finance, provided a deep dive into the status and future prospects of a spot Bitcoin ETF. Her detailed insights offer a rare glimpse into the interactions with the Securities and Exchange Commission (SEC). Ark Invest’s SEC Engagement Wood described a significant shift in […]
Ark Investment Management CEO Cathie Wood expects the price of bitcoin to be more than $500,000 in five years’ time, which is over 10 times what it is today. She also shared her view on cryptocurrency regulation and Coinbase’s trouble with the U.S. Securities and Exchange Commission (SEC).
Cathie Wood’s Ark Invest Predicts $500K Bitcoin
Cathie Wood, the CEO of Ark Investment Management (Ark Invest), discussed bitcoin and crypto regulation in an interview at the SALT conference Monday. Wood is also the firm’s founder and CIO.
She was asked....
ARK Invest CEO Cathie Wood has been a long-time supporter of Bitcoin. The CEO had taken the bold step and become one of the first managers of a public fund to actually support the digital asset openly. ARK Invest had gone on to make some investments related to the cryptocurrency such as buying shares of Coinbase, the first crypto exchange to go public, and holding significant shares in the Grayscale Bitcoin Trust (GBTC). Now, the CEO has once more reiterated her belief in the long-term potential of the digital asset. Bitcoin Headed To $1 Million Over the last year, Cathie Wood has had some....