Cathie Wood, Still a Bitcoin Believer, Sees It Going to $500,000

Bloomberg2021-05-20

(Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point. The head of Ark Investment ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

DJJJ
2021-05-20
DJJJ
I believe Crypto is gonna be big in the future..
skyel
2021-05-20
skyel
Some countries may not accept it, but to others, crypto seen as a technology disruption in the near future
YQ17
2021-05-20
YQ17
Hope that she is right
- DJJJ:
  hmmmm.. I think she is right.
Hunter88
2021-05-20
Hunter88
Faith, believe it
Chifield
2021-05-20
Chifield
Cathie always so positive.
- Pixiestars:
  Haha just like her tsla valuation [开心]
- Jkrapido:
  YEs
JaNice
2021-05-20
JaNice
Good!

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1182363238?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-20 09:48","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1182363238","market":"other","top_or_hot":-1,"title":"Cathie Wood, Still a Bitcoin Believer, Sees It Going to $500,000","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point.\nThe head of Ark Investment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-still-bitcoin-believer-160017001.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood, Still a Bitcoin Believer, Sees It Going to $500,000</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCathie Wood, Still a Bitcoin Believer, Sees It Going to $500,000\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-20 09:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/cathie-wood-still-bitcoin-believer-160017001.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point.\nThe head of Ark Investment ...</p>\n\n<a href=\"https://finance.yahoo.com/news/cathie-wood-still-bitcoin-believer-160017001.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/cathie-wood-still-bitcoin-believer-160017001.html","article_id":"1182363238","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182363238","pubTimestamp":1621475299,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"(Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that h","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"Cathie Wood仍然是比特币的信徒，他认为比特币将达到50万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"(Bloomberg) -- Cathie Wood is keeping the faith, even in the face of Bitcoin’s massive plunge that had wiped $500 billion from the coin’s peak market value at one point.\nThe head of Ark Investment Management said in an interview on Bloomberg TV that she still expects the cryptocurrency to reach a price of $500,000. She noted that as highly volatile sectors in the stock market are selling off amid inflation fears, Bitcoin is dropping as well. It last traded just below $38,000.\n“We go through soul searching times like this and scrape the models, and yes our conviction is just as high,” she said.\nAlthough Elon Musk has soured on Bitcoin due to its environmental impact, Wood said once renewables are incorporated into the Bitcoin mining technology, like she expects, “Elon will come back and be part of that ecosystem.”\nMusk’s quick change in opinion on the largest cryptocurrency may have been caused by pushback from institutional shareholders like BlackRock, she said.\nDespite her long-term conviction, Bitcoin and other digital coins may face more pain before mounting a comeback.\n“You never know how low is low when a market gets very emotional,” she said. “I think we’re in a capitulation phase. That’s a really great time to buy no matter what the asset is.”\nWood has consistently loaded up on shares of Coinbase Global Inc. in the past two weeks as the cryptocurrency exchange has dipped below its April direct listing reference price and to a record low on Wednesday.\nIn the interview, Wood also addressed the prospects for a Bitcoin exchange-traded fund to be approved in the U.S. this year, which appears to some less likely after a string of comments from regulators. Wood thinks the latest plunge could be a good thing for the prospects of approval. “The odds are going up now that we have had this correction,” she said.\nAlthough her funds have taken a hit this year, with her flagship Ark Innovation ETF down more than 34% from its high in February, the firm’s product line-up hasn’t yet faced a monthly outflow, she said.\n“There were a lot of commentators out there, shall I say, screaming about how our ETFs would have to shut down, which is impossible,” she said.\nIn fact, the move toward value sectors that’s caused her funds to suffer is encouraging to her.\n“The forces that the coronavirus put in motion supporting all of the innovation in which we invest, they’re not looking back,” she said. “We’re looking at this saying: Alright, on sale. Innovation is on sale. Oh and by the way, the bull market had broadened out.”","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":130002831,"gmtCreate":1621491559223,"gmtModify":1704358500657,"author":{"id":"3578189492032448","authorId":"3578189492032448","name":"DJJJ","avatar":"https://static.tigerbbs.com/7a34f7c7af1d13e4bd21ac607b159890","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3578189492032448","authorIdStr":"3578189492032448"},"htmlText":"I believe&nbsp;Crypto is gonna be big in the future..&nbsp;","listText":"I believe&nbsp;Crypto is gonna be big in the future..&nbsp;","text":"I believe Crypto is gonna be big in the future..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/130002831","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197482240,"gmtCreate":1621479060680,"gmtModify":1704358274690,"author":{"id":"3581505866102985","authorId":"3581505866102985","name":"skyel","avatar":"https://static.tigerbbs.com/a4e416c9b1fabad56fbe0e086388d5b0","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3581505866102985","authorIdStr":"3581505866102985"},"htmlText":"Some countries may not accept it, but to others, crypto seen as a technology disruption in the near future&nbsp;","listText":"Some countries may not accept it, but to others, crypto seen as a technology disruption in the near future&nbsp;","text":"Some countries may not accept it, but to others, crypto seen as a technology disruption in the near future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197482240","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197486320,"gmtCreate":1621478947160,"gmtModify":1704358273715,"author":{"id":"3579605390417452","authorId":"3579605390417452","name":"YQ17","avatar":"https://static.tigerbbs.com/27a39a8720408cb33a5ee4fb46fdc580","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579605390417452","authorIdStr":"3579605390417452"},"htmlText":"Hope that she is right","listText":"Hope that she is right","text":"Hope that she is right","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/197486320","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4388079,"gmtCreate":1621491653854,"gmtModify":1680789873370,"authorId":3578189492032448,"author":{"id":3578189492032448,"idStr":"3578189492032448","authorId":3578189492032448,"name":"DJJJ","avatar":"https://static.tigerbbs.com/7a34f7c7af1d13e4bd21ac607b159890","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197486320,"type":1,"supId":0,"prevId":0,"content":"hmmmm.. I think she is right.","text":"hmmmm.. I think she is right.","html":"hmmmm.. I think she is right."}],"langContent":"EN"},{"id":197414806,"gmtCreate":1621478486605,"gmtModify":1704358263812,"author":{"id":"3568465315215545","authorId":"3568465315215545","name":"Hunter88","avatar":"https://static.tigerbbs.com/86703ca12fc27292ee7240b13fa4e166","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3568465315215545","authorIdStr":"3568465315215545"},"htmlText":"Faith, believe it","listText":"Faith, believe it","text":"Faith, believe it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197414806","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":197431096,"gmtCreate":1621477493715,"gmtModify":1704358244113,"author":{"id":"3578976238295519","authorId":"3578976238295519","name":"Chifield","avatar":"https://static.tigerbbs.com/35652f65436cad86ed1f7c0d94afae69","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3578976238295519","authorIdStr":"3578976238295519"},"htmlText":"Cathie always so positive.&nbsp;","listText":"Cathie always so positive.&nbsp;","text":"Cathie always so positive.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/197431096","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4386648,"gmtCreate":1621480975026,"gmtModify":1680789846223,"authorId":3581832720375359,"author":{"id":3581832720375359,"idStr":"3581832720375359","authorId":3581832720375359,"name":"Pixiestars","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197431096,"type":1,"supId":0,"prevId":0,"content":"Haha just like her tsla valuation  [开心]","text":"Haha just like her tsla valuation  [开心]","html":"Haha just like her tsla valuation  [开心]"},{"id":4386177,"gmtCreate":1621477612602,"gmtModify":1680789834578,"authorId":3576545773081754,"author":{"id":3576545773081754,"idStr":"3576545773081754","authorId":3576545773081754,"name":"Jkrapido","avatar":"https://static.tigerbbs.com/a99be107d174f7142bc212015c662c11","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":197431096,"type":1,"supId":0,"prevId":0,"content":"YEs","text":"YEs","html":"YEs"}],"langContent":"EN"},{"id":197490469,"gmtCreate":1621476812651,"gmtModify":1704358227778,"author":{"id":"3574939383328580","authorId":"3574939383328580","name":"JaNice","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3574939383328580","authorIdStr":"3574939383328580"},"htmlText":"Good!","listText":"Good!","text":"Good!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/197490469","repostId":1182363238,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":37,"commentSize":18,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1182363238"}