The CEO of ARK Invest expresses her opinions on the relationship between artificial intelligence and bitcoin, focusing on the ramifications for the economy.
Cathie Wood, the CEO of ARK Invest, recently stated her upbeat perspective on the nexus between bitcoin and artificial intelligence (AI) in an X (formerly Twitter) post.
In the article, Wood made hints about the dynamic synergy between AI and Bitcoin and its revolutionary potential, highlighting the opportunities and benefits the two technologies provide for a range of sectors of the economy.A research report titled “Investing In Artificial Intelligence: Where Will Equity Values Surface?,” released by ARK Invest, supports Wood’s upbeat prognosis and implies that both ARK Invest and Wood are evaluating the implications of AI inside investment strategies.
Wood has invested in a number of stocks with ties to artificial intelligence over the years, illustrating her fervent support for the field. The efforts made by ARK to create a Bitcoin exchange-traded fund (ETF) demonstrate Wood’s well-known excitement for the cryptocurrency. With significant interests in Coinbase and Robinhood, ARK is also no stranger to investing in the digital asset sector.
The publication also details ARK Invest’s strategies that have profited from holdings in tech stocks related to artificial intelligence. The ARK Disruptive Innovation ETF, which invests in artificial intelligence and other cutting-edge technology, trounced the Nasdaq 100 Index, posting a large mid-year profit of 41.2%. The growing importance of AI in the world of investments is demonstrated by Wood’s piece and ARK’s research.
The combination of Bitcoin with AI has the ability to disrupt business practises and perhaps alter the dynamics of productivity and cost. Wood’s mention of Bitcoin and AI may result in increased investment in the two technologies in the future as investors look for new opportunities for growth.