Cathie Wood förutspår Bitcoin på $1M, är hausse på Coinbase Stock
- Cathie Wood said that the price of Coinbase stock will get a boost after the SEC’s lawsuit against Binance.
- Wood förklarade att stämningarna mot Binance och Coinbase är helt olika.
- 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.
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.
Enligt en rapport från Bloomberg, uppgav Cathie Wood att hennes flaggskeppsfond, Ark Innovation (ARKK), fyller sin påse med aktierna i Coinbase (COIN) trots att USA:s värdepapperstillsynsmyndighet, Securities and Exchange Commission (SEC), lämnar in en stämningsansökan mot kryptobörsen . Detta beror på att SEC också stämde Binance, den största konkurrenten till Coinbase, vilket är dess största hot.
ARKK köpte nästan 330,00 aktier värda $17 miljoner av den USA-baserade kryptobörsen den 6 juni, följt av två andra börshandlade fonder (ETF), Ark Fintech Innovation ETF och Ark Next Generation Internet, och köpte 35 700 aktier (värda $1. 8 miljoner) respektive 53 900 aktier (värde $2,8 miljoner).
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.
Ytterligare 305 573 aktier i Block förvärvades av ARK Invest över sex avslut mellan 7 och 8 juni, making it the firm’s fourth largest position at 4.81%, while Coinbase is the seventh-largest position at 4.49%.
En kryptojournalist med över 3 års erfarenhet av DeFi, NFT, metaverse etc. Parth har arbetat med stora medier inom krypto- och finansvärlden och har skaffat sig erfarenhet och expertis inom kryptokultur efter att ha överlevt björn- och tjurmarknader genom åren.
Senaste nytt
