
Cathie Wood, ARK Invest still anticipate $1.5M Bitcoin after US banking crisis
Wood believes Bitcoin will continue to establish itself as an "insurance policy" against inflation and that "everyone will want it at the end of the day."
Follow crypto investment news, capital flows, venture activity, institutional strategies, and portfolio moves across digital assets.

This week, Ark Invest funds sold more than double the amount of Coinbase shares they bought in June when the SEC sued the exchange.

Coinbase stock has rallied after several traditional financial institutions chose it as partner for their surveillance-sharing agreement.

The investment chief conceded that Temasek might invest in crypto if the regulatory framework becomes comfortable, but the fund is still nursing its wounds from its FTX bet gone sour.

88% of institutional investors, 90% of whom use centralized exchanges, are positive about the crypto market's outlook over the next decade.

Bitcoin OTC holdings reach a new yearly high, indicating a possible shift in market dynamics

With an average purchase prices of $29,668 per Bitcoin, MicroStrategy's BTC holdings are at a slight profit.



