Cathie Wood Is Buying Coinbase and Circle Stock as the Sell-Off Ramps Up Ahead of the Clarity Act Vote. Here's the Bet.
Wood and her team have been staunch believers in crypto for many years.
Overview
Ark Invest CEO Cathie Wood has long been a crypto bull. In the company's 2025 Big Ideas report, Ark Invest said its 2030 base-case price target for Bitcoin (CRYPTO: BTC) is $700,000, with a bull case of $1.5 million.
Although Bitcoin and other cryptocurrencies have been crushed this year, Wood and Ark don't seem to be giving up yet, as they typically take a long view of what they believe are groundbreaking technologies.
Details
Ahead of a big potential U.S. Senate vote on the Clarity Act, Ark has been buying cryptocurrency names such as Coinbase Global (NASDAQ: COIN) and Circle Internet Group. Here's the bet.
Source
Originally published at www.fool.com.
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