Strong Institutional Holders Moving Into Bitcoin, According to Cathie Wood of ARK Invest

Strong Institutional Holders Moving Into Bitcoin, According to Cathie Wood of ARK Invest


ARK Invest CEO Cathie Wood says large institutional entities with strong hands are moving into Bitcoin (BTC) in a hurry.

In a new interview with Barron’s, Wood says that institutions have their eye on Bitcoin partially because of its lack of correlation with other assets.

“We can see who’s moving in and it looks like strong, institutional holders are moving in [to Bitcoin]. Why are they moving in? Because the correlation of returns among crypto, especially Bitcoin, and other assets – stocks, bonds, currencies, commodities – are very low.

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Studies tell us that if there’s a low correlation of returns among assets, [buying] that asset with the low correlation, you will be raising returns and lowering risk over time.”

While bullish on BTC, Wood said

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