- CEO of ARK Invest Cathie Wood marked that crypto to work in long run.
- ARK Invest management holds stake in tech giants company.
ARK Invest is a traded-funded management company that provides the facility to earn interest. It was established in 2014 by Cathie Wood, and the company is headquartered in the United States, Florida. Networth of the company is 14.50 Billion per annum.
In a podcast on the official youtube channel, Cathie Wood, CEO of ARK investment, mentioned many essential things and factors that are making the market weak and has also talked about the rescission of the financial status of many countries like the united states and Europe.
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Cathie Wood stated, “I will say that I am feeling a lot better about what’s happening in the crypto world right now. You’ll see our Bitcoin Monthly, I would say we’re neutral to positive. We’re waiting for a few more capitulation signals and, of course, time will tell on the systemic side here. We haven’t heard of another stress signal in the last few days, so that’s good as well.”
Cathie Wood focused on the crypto winters and the severe downtrend of the market and also talked about the market’s transparency and how the crypto market’s openness will affect the traditional markets.
ARK invest is currently holding stocks in more than 130 companies in the world, the major of which are Zoom(Virtual meeting software), TeslaINC, and many other technology giants.
Conclusion
ARK invest is a vast company functioning in the sector of assets management and provides many services to the company’s users on a single interface. The company holds a stake in 130 big companies like Zoom, TeslaINC, and many others. For the last six months, the crypto market has been facing a severe downtrend and is expected to show more movement in the upcoming 12 months. And it is believed that many countries, including the United States and Ukraine, are facing economic recision and will continue this trend.
Source: https://www.thecoinrepublic.com/2022/07/04/crypto-to-work-in-the-long-run-ceo-of-ark-invest-management-cathie-wood/