Cathie Wood’s Ark Invest bags nearly $16M Coinbase stocks in February
1 min read
Cathie Wood’s investment management firm Ark Invest continues stacking Coinbase (COIN) stock amid the
The latest purchases come amid Ark Invest CEO and chief investment officer Wood continuing to express a bullish outlook on the cryptocurrency market.
On Feb. 3, Wood again reiterated her bullish Bitcoin (BTC) stance, predicting that Bitcoin will hit $1 million by 2030. The investment expert believes Bitcoin should be adopted by countries troubled with inflation as an insurance policy due to its resilient network.
The Ark’s chief executive also believes crypto assets will see a huge turnaround in 2023 due to inflation and a potential Fed pivot.
