Cathie Woods vote is cementing Trump as a pro-innovation crypto-friendly candidate

Trumps potential reelection could mean more crypto-friendly regulation that could boost mainstream adoption.

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Cathie Wood says she will vote for Trump as he is best choice for US economy

Ark Invest CEO Cathie Wood said she intends to vote for former US president Donald Trump in the forthcoming November elections. Wood revealed her intentions during an interview with financial analyst Kevin Paffrath during the weekend. She said: “I am going to vote for the person whos going to do the best for our economy. […]

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Cathie Wood says she will vote for Trump, sees him as best for US economy

Ark Invest CEO Cathie Wood announces support for Donald Trump, citing economic reasons and aligning with his pro-crypto stance.

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Cathie Woods Forecast: El Salvadors Bitcoin and AI Infusion to Propel GDP 10x

El Salvador is charting an ambitious path to economic transformation by adopting Bitcoin and artificial inte­lligence (AI). Cathie Wood, CEO of ARK Inve­st, recently projecte­d that El Salvador’s initiatives to embrace Bitcoin and Artificial Inte­lligence (AI) could increase­ the country’s GDP tenfold by 2029. Wood’s optimistic forecast was share­d on X, where she­ praised President […]

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Cathie Woods ARK Purchases $26 Million Worth of Coinbase Stock and Sells Bitcoin ETF

Ark Invest, led by prominent investor Cathie Wood, has reportedly purchased $27 million worth of Coinbase stock after the cryptocurrency exchange’s direct stock listing. This move comes amidst fears of potential Bitcoin ETF outflows as a result of proposed regulatory tariffs. Cathie Wood, known for her innovative investment strategies and focus on disruptive technologies, has [...]

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Analysts Identify Key Scenario For Bitcoin Hitting $100,000

Prior to the Bitcoin Halving event, BTC’s price saw considerable instability, but it has since rebounded, reaching the $66,000 level, triggering bullish predictions from top crypto analysts regarding the coin’s future path. Captain Faibik, a crytocurrency analyst and trader, has emerged with an intriguing prediction, underscoring a narrative that could potentially propel the price of Bitcoin to the coveted $100,000 mark in the upcoming months. Bitcoin Poised For A Notable Rally To $100,000  According to Captain Faibik, Bitcoin has managed to hold the $60,000 support level in the wake of bullish investors in the market. As a result, the largest crypto asset by market cap is currently making a strong comeback. Related Reading: Is The Bitcoin Bloodbath Over? Analysts Say $60,000 Is The Cycles Bottom These bullish investors, according to Faibik must reclaim the crucial $72,000 resistance level in order to see a major rally to the $100,000 price level. This scenario acts as a ray of hope for the cryptocurrency community, igniting speculations and influencing projections about Bitcoin’s potential for future growth. Given the anticipated impact of the Bitcoin Halving and bulls, the $72,000 level could be realized in the short term. The expert previously highlighted that the Bitcoin weekly candle closed above the Exponential Moving Average (EMA) 10, demonstrating that the bulls are still very much in charge of the market. Following the Descending Channel break out in October last year, BTC Bulls has firmly secured the weekly EMA10, prompting the crypto analyst to put his next price target for the digital asset at $100,000. Faibik also noted that the daily Relative Strength Index (RSI) for Bitcoin has emerged from a falling wedge pattern. This breakout suggests that a 15% to 20% bullish rally in Bitcoin’s value is on the horizon. Meanwhile, in the daily timeframe, a bullish flag formation is underway, and in the event of an upward breakout from the bullish flag, Faibik anticipates a new all-time high for Bitcoin by May. Is A $1.5 million Price Level Possible For BTC? One of the most bullish predictions for Bitcoin this year came from Ark Invest Chief Executive Officer (CEO) Cathie Wood. The CEO foresees the digital asset to rise by over 2,000% reaching a whopping $1.5 million by 2030. Related Reading: ARK Invest Pivots To Bitcoin As Cathie Wood Expects BTC Price To Explode During an interview in Hong Kong, Wood reiterated her projections for BTC, which were supported by a thorough investigation that included institution surveys and evaluations of market volatility. She stated: I have been asked this question from different angles, and our analysis from multiple perspectives indicates that by 2030, Bitcoin could rise to $1.5 million. This price prediction is based on a survey of institutions, using a discount rate and volatility analysis. Initially, Wood’s forecast for Bitcoin was estimated at $600,000 in the next six years. However, considering the effect of the Bitcoin Spot Exchange-Traded Funds (ETFs), she now believes the coin has the potential to hit $1.5 million. Featured image from iStock, chart from Tradingview.com

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Why Rich Dad Poor Dad Author Supports Cathie Woods Ambitious $2.3 Million BTC Price Target

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Cathie Wood to Launch Exciting AI Public Education Program in El Salvador

Cathie Wood Launches Educational Program in El Salvador Renowned investor Cathie Wood has recently announced the initiation of an innovative AI education program in El Salvador. This initiative aims to equip students in the country with essential skills in artificial intelligence, preparing them for future opportunities in the tech industry. Wood, the founder and CEO [...]

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Cathie Wood Calls Bitcoin a Financial Super Highway, Reiterates $1.5M Price Target

The Ark Invest CEO said the firm has been looking closely at emerging markets, where use cases of the digital asset make her believe that bitcoin is partly a risk-off asset.Source: CoinDesk

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Bitcoin Bull Run Isnt Over: Cathie Wood Predicts $1.5 Million

In a fresh interview with Bloomberg, ARK Investment Management Founder and CEO Cathie Wood once again reaffirmed her ambitious price target for Bitcoin, predicting it could soar to $1.5 million per coin by the year 2030. Despite the recent market volatility and a pronounced risk-off environment, Wood remains steadfast in her conviction that the leading cryptocurrency will continue its long-term upward trajectory. Yes, it is our view, Wood replied when asked whether she still expects Bitcoin to reach her stated price target. I think right now were in a risk-off period generally. And if youve been watching Bitcoin, its almost been a leader in terms of risk on, risk off. Cathie Wood Still Calls $1.5 Million Bitcoin By 2030 According to Wood, on-chain analytics indicate that Bitcoin is currently in the middle of a little bit more than halfway through a four-year cyclea reference to BTCs historically repetitive 4-year cycle. She emphasized that we think were still in a bull market and expects deregulation in the United States to play a crucial role in encouraging more institutions to enter the asset class. Wood further argued that institutional asset allocators have to have a point of view on this new asset class and that incorporating Bitcoin into portfolios will likely improve risk-adjusted returns. Related Reading: Bitcoin Bull Run Is Over: CryptoQuant CEO Sounds The Alarm Amid a broader market sell-off, Wood suggested a rolling recession scenario might already be unfolding. She cited rising concern over job security and an increasing savings rate as evidence: We see the saving rate going up. We see the velocity of money coming down, and we do think well see one or two negative quarters. She maintained that such economic stress could compel the Federal Reserve to reverse course later this year: We wouldnt be surprised to see two or three cuts. [] We think inflations going to surprise on the low side of expectations. Wood pointed to declining gasoline prices, egg prices, and rents as signals that inflation may be cooling faster than many expect, granting the Fed more degrees of freedom in the second half of this year. Turning to regulation, Wood sounded notably optimistic about the easing regulatory environment around cryptocurrency. She highlighted the US Securities and Exchange Commissions (SEC) approach to meme coins, noting that by declaring these meme coins not securities, the regulators have essentially said, Buyer beware […] We think most of them are not going to be worth very much. […] What we think will happen is […] theres nothing like losing money for people to learn. However, Wood underscored that Bitcoin, Ethereum, and Solana are core assets with use cases […] multiplying and likely to remain integral in the crypto ecosystem, in stark contrast to the millions of meme coins she believes will eventually lose their value. Related Reading: This Bear Market Indicator Says Bitcoin Price Is Headed For Crash To $40,000, Heres When Wood also discussed her investment thesis for Robinhood and Coinbase, revealing that ARK views both companies as frontrunners in the battle for digital wallet dominance. She compared digital wallets to credit cards, suggesting most of us dont have very many credit cardsand, by extension, most users will not hold more than a few digital wallets. Additionally, she drew attention to the rise of tokenization, noting that BlackRocks interest in tokenizing assets is a signal that large-scale players envision a complicated […] new world in capital formation. She also cited emerging markets as a key terrain where stablecoins and Bitcoin already serve as backstops to protect purchasing power from currency devaluation: If you go to emerging markets […] they are using Bitcoin […] but also stablecoins, which is effectively the dollar as backstops to their purchasing power and wealth. Cathie Wood remains undeterred by short-term fluctuations or market jitters. While reaffirming her high-profile bets on Tesla, Bitcoin, and disruptive technologies like artificial intelligence, she reiterated her overarching thesis: innovation and blockchain-based platforms will continue to drive deflationary forces and create new opportunities for growth. We have been known for our Tesla call and our Bitcoin call. […] I would add in AI platforms as a service company like Palantir. At press time, BTC traded at $83,322. Featured image from YouTube, chart from TradingView.com

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Cathie Wood Finds Hope Amid Economic Worries of a Recession

Cathie Wood, the founder of ARK Invest, assesses the current economic landscape and shares her insights on potential recession concerns. Wood remains optimistic about the market despite looming uncertainties. She emphasizes the importance of focusing on innovation and disruptive technologies to navigate through challenging times. In a recent interview, Wood expressed her confidence in companies [...]

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ARK Invest CEO Cathie Wood Says SEC Looks Set To Lose in Ripple Case

Cathie Wood Weighs in on SEC v. Ripple Case, Gives Timeline for Bitcoin Spot ETF. Both issues concern the SEC and have lingered for years. In 2020, the United States Securities and Exchange Commission (SEC) accused Ripple and its executives of breaking securities laws by selling XRP to fund its business. It argued that the […]

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Bitcoin Set To Accelerate As A Store Of Value In Wake Of Bank Collapses, Cathie Wood

ARK Invest CEO and crypto proponent Cathie Wood says that Bitcoin is set to grow massively as a store of value following the recent bank collapses. She believes that Bitcoin’s stability and a huge rally in the wake of US regional banks collapsing is a major testament to the fact that Bitcoin is the future of money. Cathie Wood Remains Bullish On Bitcoin In a recent interview with Barron’s, Wood maintained that she remains bullish on digital assets and highlighted three reasons she won’t be backing down on her investments. According to her, Bitcoin stood tall and rose by 60%, from $19,000 to $30,000, when regional banks like First Republic, SVB, and Signature Bank collapsed. She attributed this run to investors seeing the asset as a safe alternative for storing their wealth.  Related Reading: European Central Bank Follows US Fed’s Footsteps With 25 BPS Hike Wood explained: We see three revolutions taking place because of crypto. Bitcoin will dominate the first one, the money revolution. The biggest proof is that when regional-bank stocks were falling apart earlier this year, Bitcoin went from $19,000 to $30,000. That was a flight to safety, and we expect it to accelerate. The centralized monetary system we have today is an aberration. We could be going back to the future – before the Federal Reserve existed – under a digital, rules-based monetary system with no government oversight. The other reasons for her bullishness on digital assets relate to decentralized finance (DeFi) and digital property rights involving tokenizing several physical assets in real estate and other relevant industries.  “The second revolution is in financial services, or the so-called DeFi, which will be Ethereum-based. There are a number of infrastructure providers out there. It’s the survival of the fittest, and I’m excited to see who wins,” the CEO said. Last but not least, according to Woord, “is digital property rights, or what many call NFT or the metaverse. People are already buying real estate in virtual worlds. Our young research associates come into the office wearing jeans and T-shirts with no logos, but they are getting their status in the virtual world.” BTC bulls struggle to keep bears at bay | Source: BTCUSD on Tradingview.com Weighing In On Coinbase’s Battle With SEC During the interview, Cathie Wood also discussed Coinbase’s ongoing battle with the United States Securities and Exchange Commission (SEC). Wood’s ARK holdings are one of the largest holders of Coinbase’s stock. She believes that the crypto exchange will ultimately get victory in the SEC’s lawsuit against it for the sale of unregistered securities.  According to her, the court will rule that the SEC has gone beyond its regulatory purview, and in the long run, the US Congress will pass crypto-friendly bills.  “Meanwhile, the legislative branch has awakened to the fact that crypto is a new asset class and we might need new legislatures to give the regulators some guidance,” the ARK Invest CEO added. Related Reading: Lacoste Unveils Exclusive Ethereum-Based Virtual Store For NFT Holders “Those two branches of government have given us great confidence that Coinbase will come out of this as a winner. Many Coinbase competitors either haven’t entered the US or moved out because of our regulatory system. Coinbase has stayed to fight. We think they’ll be rewarded accordingly.” Cathie Wood’s ARK had bought $21.6 million worth of Coinbase’s stock in early June, just immediately after the SEC filed a lawsuit against the crypto exchange. Featured image from ETF Stream, chart from Tradingview.com

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Bitcoin: Cathie Wood’s Ark Invest Might Be The First To Earn Approval For Spot ETF

A surprise front-runner has stoked the flames of the Bitcoin ETF craze. Contrary to what many in the industry believe, Cathie Wood’s Ark Invest might be the first in line to receive clearance for a spot Bitcoin ETF rather than BlackRock. According to analyst Yassine Elmandjra, BlackRock’s spot filing application has hogged the limelight for […]

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Third time’s the charm? ARK and 21Shares again file with SEC for Bitcoin ETF

Cathie Wood’s ARK Invest and European crypto investment firm 21Shares are seemingly unperturbed by the cryptocurrency regulatory environment in the United States, again requesting approval for a Bitcoin (BTC)-based financial product. On April 25, the two companies requested that the U.S. Securities and Exchange Commission (SEC) approve the creation of a spot Bitcoin exchange-traded fund [...]

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ARK Invest Buys $18M Worth of Coinbase Shares As The Price Tumbles

In a recent development, Cathie Woods Ark Invest purchased 268,928 Coinbase (COIN) shares following the Wells notice from SEC. The report revealed that the investment firm had sold 160,887 Coinbase shares from its Fintech Innovation ETF, making it the first since the year began. This recent move shows that the firm aims at buying the dip [...]

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Cathie Wood’s ARK loading up on Coinbase shares again, buying $18M

ARK Invest purchased 269,928 shares in Coinbase on March 23, only two days after it sold $13.5 million, its first sale of Coinbase shares this year.

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Ethereum faces 6-month lows versus Bitcoin — Will ETH price rebound?

Ethereum’s native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter’s 19.5% gains on a month-to-date (MTD) timeframe. Bitcoin overshadows Ethereum amid banking crisis As of March 23, the ETH/BTC pair was down about 9% month-to-date (MTD) to 0.0633 while staying on course to record its worst [...]

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Bitcoin’s banking crisis surge will ‘attract more institutions’: ARK’s Cathie Wood

The value proposition of Bitcoin (BTC) is on full display amid the current banking crisis, which will only “attract more institutions” to the BTC market over time, ARK Invest CEO Cathie Wood believes. Wood shared her thoughts on BTC’s recent price surge in a March 21 Bloomberg interview, stating its price behavior through the crisis [...]

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ARK Invest’s Cathie Wood ‘not surprised’ at crypto market rebound

Cathie Wood, the founder and CEO of ARK Invest, said that more regional banks could fail if the ongoing banking crisis in the United States isn’t resolved.

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