Cathie Wood buys $30M of sinking crypto stock
Legendary investor Cathie Wood has earned a reputation for identifying emerging tech trends, including crypto and AI. Whether it’s Coinbase (Nasdaq: COIN), Robinhood (Nasdaq: HOOD), or Bitmine Immersion (NYSE: BMNR), nearly every leading crypto stock finds a home in her portfolio.
Wood also has a remarkable ability to correct her future assessments as per the changing market conditions. For instance, she recently retreated from her Bitcoin (BTC) price prediction of $1.5 million and lowered it to $1.2 million as she felt that stablecoins are playing a role that she once thought BTC would play.
As the situation demands, her investment fund, ARK Invest, loads up or dumps crypto stocks. Her latest purchase of a sinking…
