ARK Invest CEO on Bitcoin and Ethereum: ‘We Maintain High Conviction in Both’


Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), recently shared her thoughts on Bitcoin, Ethereum, decentralized finance (DeFi), and non-fungible tokens (NFTs).

According to a report by Insider, on Tuesday (February 1), Wood was present at an event/talk hosted by Public (a competitor to Robinhood that allows users to invest in stocks, funds, and crypto), which allowed retail investors and traders to ask her questions.

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When Wood was asked which of these top two cryptoassets she is more bullish on, Wood replied that it is not really possible to compare the two and went on to say:

We maintain high conviction in both.




With regard to Bitcoin, she called it “the most profound application of public blockchains, the foundation of ‘self-sovereign’ digital money.” As for Ethereum, she said that it “emerged in 2021 as the predominant smart contracting platform.”

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Wood was also asked about DeFi and NFTs. She answered:

While ARK has conviction in DeFi and the utility of NFTs for various use-cases, including gaming environments, we do not actively trade NFTs as of today in any of our strategies.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.


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