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Galaxy Digital CEO Mike Novogratz was among those over the moon with the news, others warn it could be the start of a major institutional takeover. Go to Source Powered by WPeMatico
Just days after buying $21 million of Coinbase shares, ARK Invest CEO Cathie Wood has added another $19.9 million in Block Inc. shares across its ETFs. Go to Source Powered by WPeMatico
Cathie Wood’s ARK and crypto investment firm 21Shares are tripling down on their attempt to get approval to create a spot Bitcoin ETF in the U.S. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Cathie Wood was impressed that Bitcoin “moved in a very different way” compared to the equity market in response to the recent banking crisis. Go to Source Powered by WPeMatico
Bitcoin’s rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood’s ARK portfolio. Go to Source Powered by WPeMatico
Investment management firm Ark Invest has offered three bitcoin price predictions in a new report, including a bull scenario where bitcoin could reach $1.48 million per coin. In other news, a 7zip file possibly linked to activist Julian Assange was reportedly discovered in the Bitcoin blockchain, and billionaire investor Tim Draper has encouraged the government … Read more
Investment management firm Ark Invest says bitcoin is “likely to scale into a multi-trillion dollar market.” In its new report, the firm offers three bitcoin price predictions, including a bull case where bitcoin could rise to $1.48 million per coin. Ark Invest CEO Cathie Wood sees bitcoin as “an insurance policy for everyone against the … Read more
The hedge fund manager instead wants to see an “inflation-linked coin” be brought to the masses which would serve to ensure consumers secure their buying power. Go to Source Powered by WPeMatico
The crypto and innovative tech investment firm is confident that inflation will fall and the Fed will pivot in 2023. Go to Source Powered by WPeMatico
