{"id":186525,"date":"2023-11-03T12:39:48","date_gmt":"2023-11-03T07:09:48","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=186525"},"modified":"2023-11-03T12:39:48","modified_gmt":"2023-11-03T07:09:48","slug":"cathie-wood-bets-on-bitcoin-amid-market-woes-know-more-here-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cathie-wood-bets-on-bitcoin-amid-market-woes-know-more-here-crypto-news\/","title":{"rendered":"Cathie Wood Bets on Bitcoin Amid Market Woes, Know More Here – Crypto News"},"content":{"rendered":"

<\/p>\n

\n

Cathie Wood, an American investor founder, and CEO of ARK Investment, an investment management firm, called Bitcoin, a cryptocurrency, a digital gold.<\/span><\/p>\n

In an interview recently, Wood said she would rather have Bitcoin<\/a> than gold or cash for her future.<\/span><\/p>\n

<\/p>\n

On November 3, the ARK Investment\u2019s owner said she expects an era of falling prices, backed by new technologies like artificial intelligence, electric vehicles, robotics, genomic sequencing, and blockchain.\u00a0<\/span><\/p>\n

Bitcoin is Cathie Wood\u2019s Choice Hands Down:<\/span><\/h2>\n

In an interview<\/a> with\u00a0<\/span>Bloomberg<\/span>, Cathie Wood was asked about her choices in terms of keeping an asset for 10 years. In no time, she quickly responded saying, \u201cBitcoin, hands down.\u201d She called the cryptocurrency \u201cdigital gold\u201d saying, that with Bitcoin there is no inflation and deflation, as there is zero involvement of institutions, hence no counterparty risk.<\/span><\/p>\n

It is to be noted, that Cathie Wood is among those who will benefit if the SEC approves Bitcoin Spot ETF<\/a>. Her firm ARK Investment has applied for a Bitcoin ETF<\/a> alongside 21 Shares and invested in the Grayscale Bitcoin Trust.<\/span><\/p>\n

<\/p>\n

Furthermore, Wood\u2019s $1.2 billion ARK Next Generation Internet ETF snapped up Grayscale Bitcoin Trust (BBTC) last November, when the discount was around 40%. Interestingly, Wood\u2019s trust is the largest holding in the fund and has returned about 224% this year.<\/span><\/p>\n

When Bitcoin surged to $35,000 rise, ARK, under the astute leadership of Bitcoin enthusiast Cathie Wood, sold 100,739 GBTC shares, which amounted to $2.5 million.<\/span><\/p>\n

<\/p>\n

Read Also:\u00a0<\/span><\/strong>Crypto Prices Today: BTC, Pepe Coin Declines While TWT Rally<\/span><\/strong><\/a><\/p>\n

Cathie Wood has always been a supporter of Bitcoin and AI:<\/span><\/h2>\n

It is to be noted, that Cathie Wood has always held a strong perspective regarding Bitcoin and Artificial Intelligence (AI)<\/a>. In the past, she mentioned that there is a potential in the dynamic synergy between AI and Bitcoin.<\/span><\/p>\n

Cathie Wood also believed that the possibilities and implications that the technologies hold for every industry nowadays are going to shape the overall economic landscape, boosting the financial situation of the industry.<\/span><\/p>\n

She further said that AI and bitcoin collaboration will be a deadly combination as it will reduce the cost, and enhance the productivity for major growing industries, globally.<\/span><\/p>\n

The Bitcoin price<\/a> was down 2.26% to $34,459.68 during writing, while its volume over the last 24 hours plummeted 25.20% to $19.28 billion. However, over the last 30 days, the Bitcoin price noted gains of over 24%.<\/p>\n

Read Also:\u00a0<\/span><\/strong>METAVERTU2: Elevating AI Phones To New Heights<\/span><\/strong><\/a><\/p>\n

<\/p>\n

\n
\n

\u2713 Share:<\/p>\n

<\/a><\/p>\n

\n
\n \"coingape\"
\n<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n
\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top Crypto Marketing Firms \/ Agencies 2023; Here\u2019s Best Picks [Updated]\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n

\n
\n

<\/p>\n

\"\"\"\"<\/div>\n
Top 10 Web3 Games To Explore In 2023; Here List\n <\/div>\n

<\/a><\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p>\n

\n
\n
\n
\n
\n<!–<\/p>\n
<\/div>\n

–><\/p>\n

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article. <\/p>\n<\/p><\/div>\n

\n \"\"\"\" <\/div>\n<\/p><\/div>\n<\/p><\/div>\n
\n

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n

<!– <\/p>\n

\n
\n Crypto Stories<\/span><\/p>\n

View all<\/a>\n <\/div>\n

\n
\n
\n
\n <\/p>\n
\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"\"twitter_is_now_worth_just_33__of_elon_musk___s_purchase_price_720\"<\/div>\n
Twitter is now worth just 33% of Elon Musk\u2019s purchase price <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"will_cramer_curse_strike_again_720\"\"will_cramer_curse_strike_again_720\"<\/div>\n
Will Cramer Curse Strike Again? <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n

\n
\n
\n <\/p>\n
\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"\"mercedes_benz_to_release_nft_collection_with_fingerprints_dao_720\"<\/div>\n
Mercedes Benz To Release NFT Collection With Fingerprints DAO <\/div>\n

<\/a>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n

–><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

Cathie Wood, an American investor founder, and CEO of ARK Investment, an investment management firm, called Bitcoin, a cryptocurrency, a digital gold. In an interview recently, Wood said she would rather have Bitcoin than gold or cash for her future. On November 3, the ARK Investment\u2019s owner said she expects an era of falling prices, […]<\/p>\n","protected":false},"author":2,"featured_media":175398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-186525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=186525"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186525\/revisions"}],"predecessor-version":[{"id":186527,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/186525\/revisions\/186527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/175398"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=186525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=186525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=186525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}