Cathie Wood sees bitcoin joining stocks and bonds as part of the classic balanced portfolio

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Bitcoin and other cryptocurrencies could eventually join stocks and bonds as part of the classic balanced portfolio for everyday investors, Ark Invest’s Cathie Wood said Monday.

"We think as it becomes a better accepted new asset class ... We do think it will behave, actually, I would say more like the fixed income markets, believe it or not," Wood said.has had a dramatic run to new highs after trading under $10,000 per coin as recently as September. The asset rose to nearly $58,000 on Feb. 21, according to Coin Metrics, before cooling off slightly. It was trading at about $51,700 on Monday.

Still, Wood said that she thinks bitcoin could stabilize over time and become a part of the recommended portfolio for the average investor, which is 60% in stocks and 40% in fixed income, especially given the high price of bonds relative to history.

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Could? How are we not there yet? Even in the most conservative estimates most agree an allocation of 0.5-1% of investable assets is appropriate. Literally every financial advisor I've talked to in the last 6 months has agreed.

CathieDWood is a Legend

That's great news

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Good and increase corruption.....

MrCMT6 🚀

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This is not some new idea. It’s been taking place over the last year or two. More managers will reccomend 1-3% bitcoin. Who gives af? It’s too expensive here.

Absolutely! Crypto is the future

Dogecoin

wasn't she on Silicon Valley show?

How is Bitcoin any different from the CDO's the bank's were peddling before the GFC. It's an instrument with no backing and no substance that will one day collapse.

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FBI some combination of old school payola & Tokyo Rose. FCC Philly_SEC federalreserve

blano74

Janet Yellen may take issue with that! Maybe she should add the Franklin Mint to the ARK holdings - they do collectibles with no value too!

“Other cryptocurrencies”

I feel this is a welcome idea, might help with the volatile nature

FBI alt_fec SEC_News how is the not a criminal Ponzi scheme? CNBC is advertising, plugging and being paid to promote dark market carbon tech w/ no earnings that funds terrorist, cartels & human trafficking while undermining dollar & treasuries. federalreserve

BTC BOOMMMMM

Interesting woke dynamic has now reared its ugly head as respect a recent disclosure concerning Ms. Wood. That's right folks, I'm talking about the C word. Seems our most recent stock market darling is also a practicing Catholic. The wokeys must now 'reevaluate' their praises.

Little late to the party

100% cripto

I know Robinhood allows trade in crypto. Do any other brokerages?

Someone please explain to me how Bitcoin is better than gold

$DMGI $DMGI.V $BTC BTC Check out OTC play $DMGGF. Could be a big day today.

They already have. Why can’t the CNBC folks wrap their arms around this? My 92 year old father has a better understanding of Bitcoin than the Squawk Box crew. If your going to report on Crypto, educate yourselves. It’s not funny or cute to play dumb

WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!

So many comments from people who obviously are clueless about Bitcoin but have such conviction against it. These fools will be the last to buy.

The job of crypto is to help us gain financial freedom. $CTASK is doing a great job to give us a hand to accomplish that goal.

People sound pretty dumb when you talk about the 'carbon footprint' of $BTC. This is propaganda being proliferated by the 'establishment' Ask yourself this, what is the carbon footprint of backing any other currency in the world? Comparably $BTC footprint is nothing

My portfolio is not classically balanced at all: 10% Bitcoin 10% gold 10% call options 70% stocks 0% bonds .

They are already working on the details in the bill

No serious investor has endorsed xcoin as an investment which speaks clearly as to the intentions and calibre of the rest.

Can someone please confiscate the meth pipe from her

Lghlw💪🏼

Beep Beep 🤖

Ponzi.. Without substance.. Future..💥

CryptionNetwork is creating an interesting ETH project. Since your guys are already talking about crypto, it would great to check out this too.

They already have

Bitcoin has zero intrinsic value. Only for speculative games.

Not could..... They have .....

Says a person whose portfolio dropped 10%

If they do, they will be taxed like stocks at times different to the idea

Within 3 years, the Ark fund will still exist, but the value will drop to almost zero.

I cannot believe the naivety of buying into this cryptocurrency B.S. It is only real when the mirror is held at just the right angle.

Investing in something that has no true value and is extremely volatile. Just give me your investment and retirement accounts....

Seen quite a bit of Cathy since the tech dump....wonder why?!

She seems like a Doge woman to me.

Watching everyone give their hopeless explanations of the volitility of the market.. really sounds like noone know why tbh. But take the charts of major tech stocks.. overlay them with the bitcoin/ether market. Hrmmmm. Could it be as easy as the two markets becoming intertwined?

Visionary 🤩

DogeCash is a great way to balance your crypto portfolio. Solid tokenomics and a great community.

Cathy pump my own portfolio Wood.

Why 2021 won’t be like 1984 100k Bitcoin

If you wanna sell or buy Bitcoin please kindly send a dm. I Only use PayPal and cashapp for payment. Thanks

My portfolios are almost 50/50 stocks/crypto.

What’s her view on Pet Rocks?

Lots of luck! I still remember when silver was played to almost $50 per ounce. At least silver, gold, and platinum can be weighed.

Eventually? It's happening now for people who have a clue.

DigiByteTV CathieDWood is 💯 spot on. Bitcoin Digital scarcity. Governments can’t control. If you don’t get it, you never will. havefunstayingpoor

CathieDWood and RealTargetTori related?

Yeahhhh uhhhh this is just not going to happen lol

Oh no, As soon as hedge fund/ Wall Street get involved in cryptocurrency they will find a way to manipulate the Bitcoin and crush it to $1.

Mutuals. See o!

for the haters - what if they're right? they've been right so far...

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Because I want nothing more than a “cash” position which moves 10% a day. Brilliant

Ya right !common sense says we doubt that. This currency started in a gamers world & still it is in a gamers world ! digital game play mine crafters worthless junk.

I wholeheartedly believe in Crypto but you can't make this statement without knowing what the Federal government can and will do to it.

Pump that book Cathie Wood

No one buys foreign currency to keep as part of a balanced investment portfolio, makes no sense, part of your cash position, maybe

Until it gets regulated,taxed and replaced but sure ok

'One day' as in 'years ago'? DogecoinToTheMoon

My two favorite bitcoin products are the fold app and blockfi. You don’t have to buy a whole Bitcoin in case you didn’t know.

In 2022.

Because of all the income and dividends they spin off?

An abomination to any notion of common sense

Hope she's right...

Prepare for the Green tsunami, GET $BNT!

SoldByJacob

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