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FYI - For Your Innovation

Bit-Curious? Let's Talk Bitcoin with Cathie Wood

Jan 11, 2024
44:51
Snipd AI
Cathie Wood and Yassine Elmandjra discuss ARK's history with bitcoin, bitcoin spot ETF approval, the upcoming halving, and why they believe bitcoin is both a risk-on and risk-off asset. They also touch on fiscal policy, monetary policy, market signals, economic indicators, and innovation updates.
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Podcast summary created with Snipd AI

Quick takeaways

  • Bitcoin has evolved from a curiosity to a strategic addition to investment portfolios, proving its resilience during the 2022 contagion and offering protection against counterparty risk.
  • The imminent Bitcoin halving in 2024, reinforcing its scarcity, and the potential approval of a Bitcoin spot ETF are expected to drive up demand and potentially push Bitcoin's price higher as institutions enter the market.

Deep dives

ARK's History with Bitcoin

ARK Invest has been involved with Bitcoin since 2015, when they first understood its potential and added it to their portfolio. They have seen Bitcoin evolve from a curiosity to a strategic addition to a diversified investment portfolio. Despite initial skepticism, ARK's conviction in Bitcoin has never been higher, especially as it proved resilient during the 2022 contagion. They view Bitcoin as both a risk-on and risk-off asset, with its decentralized and transparent nature offering protection against counterparty risk in the financial ecosystem.

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