Cathie Wood and Elon Musk Discuss Bitcoin: What Did Musk Say About Crypto?

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• Cathie Wood’s asset management company, Ark Invest, sold another batch of Coinbase shares after the price of COIN reached another 52-week high on Thursday.
• On December 21, Ark Invest, led by Cathie Wood, sold a total of 80,118 Coinbase (COIN) shares with a value of over $13 million, according to transactions observed by COINOTAG.
• Investors were expecting a discussion between Cathie Wood, CEO of Ark Invest, and Elon Musk, where they would talk about several significant topics, including OpenAI, artificial intelligence (AI), Tesla, and Bitcoin.

Ark Invest CEO Cathie Wood and Elon Musk talked about Bitcoin and cryptocurrencies in a broadcast on X.

Cathie Wood and Elon Musk Go Live on X

Cathie Wood’s asset management company, Ark Invest, sold another batch of Coinbase shares after the price of COIN reached another 52-week high on Thursday. Additionally, Ark Invest CEO Cathie Wood discussed artificial intelligence (AI), Tesla, Bitcoin, and other topics with billionaire investor and Tesla CEO Elon Musk on X Spaces.

On December 21, Ark Invest, according to transactions observed by COINOTAG, sold a total of 80,118 Coinbase (COIN) shares with a value of over $13 million. ARK Innovation ETF (ARKK) sold 68,769 Coinbase shares, and ARK Next Generation Internet ETF (ARKW) sold 11,349 COIN shares.

This move came as the price of Coinbase (COIN) reached another 52-week high of $17,017. On Thursday, COIN closed at $168.03, with a 3.81% increase. The stock market rose in line with the Federal Reserve’s plans to make three rate hikes next year. Additionally, the prices of crypto stocks are rising due to expectations of a spot Bitcoin ETF approval in early January and the bullish sentiment in the crypto market.

Discussion Between Cathie Wood and Elon Musk

Investors were anticipating a discussion between Cathie Wood and Elon Musk, where they would talk about several significant topics, including OpenAI, artificial intelligence (AI), Tesla, and Bitcoin. A day before X Spaces, Ark Invest bought Tesla (TSLA) shares for the first time in 8 months. ARK Innovation ETF (ARKK) bought 93,965 TSLA shares, and ARK Next Generation Internet ETF (ARKW) bought 17,422 TSLA shares.

Cathie Wood continues to maintain a bullish outlook on Bitcoin and Bitcoin mining, discussing the economic and financial potential of Bitcoin. Wood reaffirmed Bitcoin as a new rule-based global monetary system post-gold.

Elon Musk stated, ‘I don’t think too much about cryptocurrencies. Almost none.’ However, he mentioned that he sees Bitcoin as a database for resource allocation rather than money. Musk added that fiat money is good as long as it does not lose much value and the government does not abuse the privilege of creating more money.