Cathie Wood on Crypto and Why She Thinks Bitcoin Will Add $500k of Value
In a world starved of yield, Cathie Wood, founder and CEO of ARK Investment Management LLC, and Kiril Sokoloff, founder and CEO of 13D Research & Strategy, are observing an accelerated shift into decentralized finance and the crypto space. They explore the base case for why Bitcoin could add $500k of value and potentially replace bonds in the 60/40 portfolio. Wood also walks through the different use cases for Bitcoin, the developing sector of fintech, the current regulatory environment around crypto, the possibility of Bitcoin becoming ESG-compliant, and the emergence of central bank digital currencies (CBDCs). She ends the conversation by sharing how she, supported by her deeply rooted faith, has tackled adversity in her journey in building ARK. Filmed on July 13, 2021.