Cathie Wood's Ark Invest asserts
sustained bullish stance on cryptocurrencies, anticipating a Bitcoin surge
of up to 1,660% and hitting $1.5 million before 2030. Ark Invest
actively invested in various significant cryptocurrencies including $80 million in Bitcoin through Coinbase and $11.5 million of Coinbase shares. However,
meme coins do not receive enthusiastic support from Wood, who thinks they are likely to ultimately become worthless.
Ark Invest’s portfolio adjustment included the purchase of other tech giants’ stocks like Airbnb and Robinhood, although volatile market conditions led to the sale of nearly $9 million worth of Bitcoin ETF in exchange for Coinbase. Recognising growing
interest in Ethereum, Ark Invest is part of a $403 million funding round for an AI robotics firm Apptronik. December 2024’s update reveals an on-going
Blockchain Education Initiative by Ark. Amid
market downturns, Ark Invest engages in bargain hunting for crypto, purchasing Robinhood, Coinbase stocks and 41,032 Coinbase shares. While
continuing investment in Coinbase and selling its own Bitcoin ETF amidst market slumps, memecoin value has decreased. Ark’s overall stance remains confidently bullish on Bitcoin despite serial ETF outflows and the volatility of the cryptocurrency market.
ARK Coin News Analytics from Tue, 06 Aug 2024 07:00:00 GMT to Tue, 01 Apr 2025 03:24:41 GMT -
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