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Cathie Wood is the founder and chief investment officer of Ark Investment Management, which operates several exchange-tradedfunds focused on innovative technology stocks. Bullish sentiment appears to have returned to the cryptocurrency market, and Bitcoin is trading near a record high right now. million per coin.
Cathie Wood is the head of Ark Investment Management, which operates 14 exchange-tradedfunds (ETFs) focused on technological innovations. Bitcoin is trading near an all-time high right now and investors are as enthusiastic about its prospects as ever, but is Wood's forecast realistic? Image source: Getty Images.
A prime brokerage A prime brokerage is a group of services offered to ultra-high-net-worthindividuals (UHNWI) or hedge funds. These services include cash and securities lending, risk management consulting, custody of assets (holding securities), and making introductions between clients and investors.
Cathie Wood is the chief executive and chief investment officer at Ark Invest, an asset management company focused on disruptive technologies like blockchain and cryptocurrency. Ark clearly sees Bitcoin as an assetworth buying. Like any asset, its price is a product of supply and demand.
Securities and Exchange Commission approved dozens of Bitcoin exchange-tradedfunds (ETFs). However, it's important to remember that investors buy Bitcoin in the hope that someone else will pay a higher price in the future, not because it produces anything tangible or worthwhile, so it's still a highly speculative asset.
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