last year to as high as $58,000 in February before dropping back to just over $49,000 on Monday.
"Think about the energy consumption of the traditional financial world," she said."What bitcoin is using in terms of energy right now, which is mostly renewable, hardly measures up at all to that." Wood said she observed that as inflation and interest rates continued to fall over the past decade, S&P multiples tended to hit a ceiling somewhere in the 20 to 25 times multiple range. That meant the market corrected every time multiples hit that range.
To counter that, Wood invoked the liquidity of bond ETFs during the 2008-2009 bond crisis during which bond ETFs were providing liquidity even though the underlying bond market stopped functioning.
We all got diamond hands, but she's a true diamond cutter 💎💍💎
thank you very much for your work
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Cathie Wood says the underlying bull market is strengthening, will benefit Ark's strategy over timeArk Invest founder and CEO Cathie Wood spoke on CNBC's 'Closing Bell' on Monday. I like how normalised going negative for years and masquerade as if that's how the cookie crumbles. Shes going far The more they keep pumping Cathie, the more her portfolio dips 🤣 Reasonable explanation of high risk strategy. Betting on the stocks of the 2030s in 2021 is always going to mean tolerating big swings. But we are clearly seeing a rotation with tech heavy Nasdaq down 2% but Dow up 1.3% (similar to equal weighted S&P). So not a bear market.
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ARK CEO Cathie Wood shares Chinese companies, innovations on her radarCathie Wood says she is watching 'very carefully' the innovations coming out of China. The ARK CEO lays out the 3 disruptive companies and 5 trends on her radar right now. 🙄
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