U.S. is 'Losing' the Bitcoin Movement: Cathie Wood

U.S. is ‘Losing’ the Bitcoin Movement: Cathie Wood

Cathie Wood, founder of investment manager ARK Invest, has said the U.S. is ‘losing’ the bitcoin movement owing to its regulatory system.

Speaking at Fortune’s Most Powerful Next Gen conference last week, Wood described how the center of gravity of cryptocurrency is moving away from the U.S, using the example of crypto exchange Coinbase (COIN) receiving licensing to operate in Bermuda while also looking to expand its presence in Singapore.

In the crypto world, ARK Invest is best known for its regular sizeable orders of COIN stock.

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“It would be nice if the U.S. were leading this movement, but we’re losing it, and we’re

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