Bitcoin’s Share of PoW Mining Rewards Now Above 80%
Rewards received by bitcoin miners form a major chunk of the salaries paid across major proof of work (PoW) blockchains, according to Yassine Elmandjra, a cryptocurrency analyst from ARK Invest.
Wood said large companies are asking her if they should follow Square's lead.
Described by Bloomberg as the "best investor you've never heard of," Cathie Wood has made a string of smart, future-facing bets, including a big stake in Bitcoin.
Cathie Wood's asset manager significantly boosted its stake in the Grayscale Bitcoin Investment Trust.
Cathie Wood bet early on Bitcoin and Tesla, and her ARK Innovation Fund is up 75% in 2020.
A key on-chain metric has witnessed solid growth over the past 12 months, possibly indicating steady accumulation of bitcoins by retail traders.