Search results for Ark Investment Management
Crypto
Bitcoin slides but long-term holders boost BTC stash 69 percent, on-chain metrics strengthen
Bitcoin fell 22 percent in the first quarter, but long-term accumulation-minded investors increased their holdings by 69 percent, Ark Investment Management said. Bitcoin ended the quarter at about $68,200, below three key support levels, putting it in a technically bearish zone, Ark said. It did not see signals of a historical bottom. U.S. spot bitcoin ETF holdings were little changed at about 1.29 million BTC, while long-term buyers raised holdings from about 2.13 million to 3.60 million BTC.
Crypto
Ark Invest\'s Cathie Wood says bitcoin far superior to gold
Ark Invest CEO Cathie Wood, known in South Korea by the nickname “Money Tree Sister,” again stressed that bitcoin is a superior alternative asset to gold. She said bitcoin can hedge both inflation and deflation and has an edge in structural adoption, helped by younger investors’ preference for digital assets and still-early institutional participation. Bitcoin is down about 27.7 percent this year, while gold is up about 19 percent. Ark has continued buying crypto-related stocks.
Crypto
Cathie Wood calls bitcoin essential asset for portfolio diversification
Ark Investment Management CEO Cathie Wood said bitcoin will play an increasingly important role in institutional investor portfolios and is a valuable diversification tool, citing its low correlation with major asset classes. Ark data show bitcoin’s correlation with stocks, bonds and gold has weakened since 2020. Wood has forecast bitcoin could reach $1.5 million by 2030. Other market participants offered differing allocation views, including recommendations for reduced bitcoin exposure and increased allocations.