Cathie Wood, CEO and CIO of ARK Invest, and Yassine Elmandjra, ARK's blockchain analyst, dive into the transformative potential of Bitcoin and blockchain technology. They discuss how the COVID-19 pandemic has shifted investor behavior, creating new opportunities for crypto. The duo analyzes Bitcoin's role as a store of value compared to traditional assets like gold and its evolving relationship with global markets. They also explore the future of central bank digital currencies and the impact of regulatory challenges on projects like Libra.
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insights INSIGHT
Disruptive Innovation
Disruptive innovation platforms exhibit declining costs, cross-sector impact, and launch new technologies.
ARK Invest uses Wright's Law to identify when a technology is ready for widespread adoption.
question_answer ANECDOTE
ARK's Bitcoin Investment
ARK Invest, recognizing Bitcoin's potential, became the first public fund manager to invest in it in 2015.
Initially categorizing Bitcoin under "next-generation internet", they later recognized its broader implications.
insights INSIGHT
Digital Economy and Assurances
A digital economy needs strong, reliable institutions to provide assurances for wealth.
Crypto networks, especially Bitcoin, are novel institutions fulfilling this need.
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Cathie Wood, CEO and CIO of ARK Invest, and Yassine Elmandjra, ARK's thematic analyst, discuss their investment strategy with disruptive innovation, and how blockchain technology, especially Bitcoin, plays a major role in it. They explain why the unique market circumstances due to the coronavirus have led to more correlation between crypto and the traditional financial markets, but also why, in the long-term, it will ultimately be uncorrelated. We cover why they think crypto in the age of COVID-19 will see new opportunity, and when there will be a recovery of the larger economy. They also share, from an investor standpoint, their growing conviction in Bitcoin due to its long-term value proposition compared to other chains like Ethereum. Plus, we talk about the future outlook for central bank digital currencies, and how Libra will launch, albeit differently, than expected.
Unchained 