↑ ARK Invest's Strategic Plays and Predictions on Bitcoin and the Broader Cryptocurrency Market
These articles detail several happenings around the cryptocurrency world, with a focus on the investment firm ARK Invest. ARK Invest has continued...
In recent news, Cathie Wood's Ark Invest, a significant player in the crypto world, made various bold decisions that influenced the crypto market, notably altering online commerce giant Coinbase. As Bitcoin hit key levels, Ark Invest released a significant portion of its Coinbase shares. Wood's investment firm also ended their collaboration with 21Shares on Ether ETF, and interestingly, provided strong support with investment for bitcoin futures ETF in exchange.
Focusing on Ark Coin, a new Bitcoin Layer 2 payment network is in the pipeline, developed by Ark Labs. This advanced layer 2 network is perceived as a competitor to the lightning network, hinting at the protocol's innovation. Moreover, Ark and 21Shares planned to improve the transparency of Bitcoin ETF reserves through integration with Chainlink, a decentralized oracle network.
In terms of price prediction, ARK Invest's Cathie Wood has forecasted Bitcoin at $1 million in the next eight years. Believing the cryptocurrency to be a hedge against currency devaluations and rogue regimes, this bullish stance instils confidence in Bitcoin and its underlying technology. Also important to note is Ark's plans to register for a Bitcoin ETF alongside industry peers.
ARK Coin News Analytics from Tue, 24 Oct 2023 07:00:00 GMT to Tue, 25 Jun 2024 03:54:16 GMT - Rating 3 - Innovation 6 - Information 8 - Rumor -3
