Cathie Wood of ARK Invest Continues to Scoop up Bargain-Priced Crypto Stocks. Here Are 2 Stocks You Should Be Buying Now.
The growth-driven investor is bullish on Coinbase and Circle.
Overview
Cathie Wood, the founder of Ark Invest, is fiercely bullish on cryptocurrencies. She expects Bitcoin to surge to as high as $1.25 million over the next five years, and Ether to soar to $160,000-$180,000 within the next six years.
We should take those sky-high estimates with a grain of salt. However, Wood is backing those bullish forecasts with some big purchases of crypto stocks across Ark's flagship ETFs. Let's take a closer look at two crypto stocks Wood keeps buying -- Coinbase (NASDAQ: COIN) and Circle (NYSE: CRCL) -- and see why they're worth nibbling on in this choppy market.
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Originally published at www.fool.com.
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