The ARK Investment founder discussed bitcoin’s opportunity to act as a replacement store of value at the Bloomberg Crypto Summit.

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Today on the Brief:

  • SEC investigating Elon’s DOGE tweets?
  • US income growth has second biggest monthly gain ever
  • Robinhood growth suggests crypto mainstreaming

Main discussion: Cathie Wood thinks Bitcoin could replace bonds. In this episode, NLW lays out:

  • How Cathie Wood made a name by being early in Tesla, Bitcoin and innovation
  • How ARK’s funds have grown
  • Why bonds aren’t performing anymore and why bitcoin could fill the gap in investor’s portfolios

See also: Violent Reflexivity: Why Market Movements Are More Aggressive Than Ever, Feat. Corey Hoffstein

Image credit: Alex Flynn/Bloomberg/Getty Images