Cryptocurrency

Cathie Wood on bitcoin ETF: This is one of the most important investments of our lifetime



ARK Invest CEO Cathie Wood joins ‘Closing Bell: Overtime’ to discuss markets, the Fed, Coinbase and Tesla.

SO SHARE GAIN STILL. >> I ALSO WANT TO ASK YOU ABOUT THE COMMENTARY WE DID HEAR FROM MUSK ON X NOT LONG AGO WHERE HE SAID HE WANTED 25% VOTING CONTROL ON TESLA BEFORE FULFILLING THIS AI GOAL OF THE COMPANY.

AS A KEY SHAREHOLDER, HOW DO YOU FEEL ABOUT THAT? >> YOU KNOW, ELON MUSK IS A VISIONARY LEADER. HE IS A RENAISSANCE MAN. HE IS THE INVENTOR OF OUR AGE. AND IN THIS MARKET DYNAMIC AWARE INVESTORS ARE VERY SHORT- TERM ORIENTED, THEY WANT THEIR

PROFITS NOW, THEIR DIVIDENDS NOW, THEIR SHARE PURCHASES NOW, WE ARE LOOKING FOR VISIONARY LEADERS TO STAND UP TO SHORT- TERM ORIENTED SHAREHOLDERS BECAUSE THEY NEED TO INVEST AGGRESSIVELY NOW TO CAPITALIZE ON SOME OF THE BIGGEST OPPORTUNITIES IN OUR LIFETIME.

SO WE ARE ALL FOR IT. >> I WANT TO SHIFT GEARS HERE LITTLE BIT. BITCOIN. YOUR BITCOIN ETF DEBUTED ABOUT A WEEK AGO NOW. WE HAVE SEEN THE PRICE OF BITCOIN COME OFF SINCE THOSE APPROVALS WERE GRIDLIKE, AND WE

HAVE SEEN SHARES OF ETS, INCLUDING ARK 21 SHARES AND NOW BITCOIN SHARES. IS SOMETHING ELSE AT PLAY HERE? HOW DO YOU THINK ABOUT THAT NOW THAT WE ACTUALLY HAVE THESE INSTRUMENTS IN THE MARKET TO TRACK BITCOIN IN A MORE

MATERIAL WAY? >> YES, WELL, WE ARE VERY EXCITED THAT BITCOIN NOW IS IN THE ETF WRAPPER, AND THEREFORE VERY ACCESSIBLE AT VERY LOW PRICES. WHAT WE DO HAVE, AND YOU KNOW, THERE WAS SPECULATION BEFOREHAND, WILL THIS BE A SELL ON THE NEWS?

WE SAID YES, AND WE WERE HEARING THAT SO MUCH THAT WE THOUGHT WELL, MAYBE NOT. WELL, IT TURNS OUT THAT FTX, I GUESS IT IS NEARLY $1 BILLION IN G PTC HAS BEEN SOLD AS THIS BITCOIN ETF HAS COME OUT, AND

I THINK THAT HAS BEEN PART OF THE PRESSURE. I DO THINK THERE IS SELL ON THE NEWS, BECAUSE I THINK SOME PEOPLE EXPECTED IT TO HOLD A LITTLE MORE THAN IT HAS, BUT THIS HAS NOT DISTURBED OUR POINT OF VIEW.

WE THINK THIS IS ONE OF THE MOST IMPORTANT INVESTMENTS OF OUR LIFETIME, THIS IS A GLOBAL RULES-BASED MONETARY SYSTEM. AND IT IS A VERY BIG IDEA. AND WE THINK IT IS THE BIGGEST OF ALL OF THE CRYPTO IDEAS OUT THERE.

SO WE ARE VERY HAPPY TO BE A PART OF THIS MOVEMENT, PROVIDING MORE ACCESS TO

40 Comments

  14. @David_William_1

    It's 2024, I'm here to remind you again that it's not too late to take your investment journey seriously. I struggled for years before I started my crypto journey this time last year. All efforts before that moment felt hopeless and useless. I am here to tell you, it is not. Crypto changed my life.

  15. @Wisdoms_Journey

    When the network goes down permanently so does cryptocurrency not an Asset 😉🤪 she said give us till 2030 lmao yep that will happen civil war will happen before bitcoin goes back to all time highs. No chance she has a rational argument to this fact

  22. @bsetdays6784

    What are your thoughts on moving from individual stocks to ETF? That would mean selling and taking a loss on some stocks I want a balanced portfolio, with growth investments, safe investments, and also a focus on dividends to gain up to $20K monthly

  32. @margaritas6794

    I merely buy-and-hold Crypto, and it gladdens my heart that this is all happening now. eight months ago, I made sizable purchases, and since we are now approaching a bull run, I know i'll gain all i lost. What are the best Altcoins to acquire?

  33. @MikeSpencer-tw3vt

    I didn't begin saving consistently until I was 38. I am 55 today with over $3.5 million in my retirement nest fund, because my CFP's meticulous oversight is reliable. My one regret is not starting early enough. Those extra years may not seem like much, but they are crucial to me😍😍

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