ICYMI – ARK’s Cathie Wood says Bitcoin is getting the incremental flows that might go to gold

ICYMI – ARK’s Cathie Wood says Bitcoin is getting the incremental flows that might go to gold

Wood was speaking at a Bloomberg event on Thursday US time and had quite a few comments of note on cryptos:

Such as Bitcoin should be considered a new asset class:

  • “You think about the traditional 60/40 stock-bond portfolio, but look what’s happening to bonds right now. If we are ending a 40-year secular decline in interest rates, that asset class has done its thing. What’s next? We think crypto could be the solution”

Update:

Wood was speaking at a Bloomberg event on Thursday US time and had quite a few comments of note on cryptos:

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