Cathie Wood prevede Bitcoin a $1M, è rialzista su Coinbase Stock

• Cathie Wood said that the price of Coinbase stock will get a boost after the SEC’s lawsuit against Binance. 
• Wood ha spiegato che le cause contro Binance e Coinbase sono totalmente diverse. 
• ARK’s current trading position for COIN is $1.77 billion, with an average entry price of $272.75 to $282.93.
• Wood said that she sees Bitcoin as “a hedge against inflation” while predicting that it will reach $1 million soon.

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Cathie Wood, the founder, CEO, and CIO of Ark Invest, a popular investment management firm based in Florida, has predicted the price of Bitcoin (BTC), the world’s largest cryptocurrency, to reach $1 million in the near future, and in a recent interview, she also explained why she is bullish on Coinbase stock. 

Secondo un rapporto di Bloomberg, Cathie Wood ha dichiarato che il suo fondo di punta, Ark Innovation (ARKK), sta riempiendo la sua borsa con le azioni di Coinbase (COIN) nonostante l'autorità di regolamentazione dei titoli degli Stati Uniti, la Securities and Exchange Commission (SEC), abbia intentato una causa contro l'exchange di criptovalute . Questo perché la SEC ha citato in giudizio anche Binance, il più grande concorrente di Coinbase, che è la sua più grande minaccia.

ARKK ha acquistato quasi 330,00 azioni per un valore di $17 milioni dell'exchange di criptovalute con sede negli Stati Uniti il 6 giugno, seguito da altri due fondi negoziati in borsa (ETF), Ark Fintech Innovation ETF e Ark Next Generation Internet, acquistando 35.700 azioni (per un valore di $1. 8 milioni) e 53.900 azioni (del valore di $2,8 milioni), rispettivamente.

ARK’s current trading position for the COIN stock amounts to $1.77 billion, with the average entry price being $272.75 to $282.93. It is crucial to note that the funds are heavily down on their investments in the crypto exchange. Wood clarified that there is a huge difference between the lawsuits filed against Binance and Coinbase and believes that the latter will win against the SEC’s accusations. 

The SEC alleges that Binance, Binance.US, and CEO Changpeng Zhao, or CZ, violated the Commodity Exchange Act along with several regulations of the Commodity Futures Trading Commission. Wood claims that these types of allegations “have nothing to do with Coinbase,” hinting that the exchange’s business is secure in the US. 

In the interview, Wood further stated that she sees Bitcoin as “a hedge against inflation,” while adding that the leading cryptocurrency will soon reach the $1 million price tag. As per an earlier report from Bitnation, Cathie Wood recently confirmed that her firm purchased $19.9 million worth of Block shares as well. 

Altre 305.573 azioni di Block sono state acquisite da ARK Invest in sei operazioni tra il 7 e l'8 giugno, making it the firm’s fourth largest position at 4.81%, while Coinbase is the seventh-largest position at 4.49%.

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