1 year ago
Cathie Wood, CEO of Ark Invest, shares her views connected the intersection of Bitcoin and Artificial Intelligence, highlighting its economical implications.
In a caller Twitter post, Cathie Wood, CEO of Ark Invest, expressed her affirmative presumption connected the intersection of Bitcoin (BTC) and artificial quality (AI)
In her tweet, Cathie Wood subtly hinted astatine the immense transformative imaginable inherent successful the dynamic synergy betwixt artificial quality and Bitcoin, emphasizing the possibilities and affirmative implications these technologies clasp for divers industries and the wide economical landscape. Her enthusiasm serves arsenic a testament to the accelerated and ever-evolving quality of some the cryptocurrency and artificial quality sectors.
The convergence betwixt Bitcoin - and AI could alteration the mode companies organize, causing a illness successful costs and an detonation successful productivity. I was blown distant by the possibilities these superb entrepreneurs are creating. Look for this podcast connected Thursday! https://t.co/kPW92CuhFQ
— Cathie Wood (@CathieDWood) September 2, 2023Backing Wood's optimistic outlook is simply a probe papers published by ARK Invest titled "Investing In Artificial Intelligence." This probe serves arsenic a robust indicator that some Cathie Wood and Ark Invest are actively assessing the value of AI wrong their concern strategies.
Throughout the years, Cathie Wood has allocated investments to assorted AI-related stocks, demonstrating her beardown content successful the rising technology. Beyond her keen involvement successful AI, Cathie Wood's enthusiasm for Bitcoin is evident done ARK Invest's endeavors concerning the Bitcoin ETF. Furthermore, too Bitcoin, ARK Invest has substantial holdings successful Coinbase and Robinhood, solidifying its beingness successful the cryptocurrency industry.
Related: Bitwise withdraws Bitcoin and Ether Market Cap ETF application
The papers besides highlights Ark Invest's strategies that person reaped rewards from investments successful artificial quality tech stocks. The ARK Disruptive Innovation ETF (ARKK), dedicated to AI and different pioneering technologies, outperformed the NASDAQ 100 Index (QQQ), achieving a important mid-year nett of 41.2%.
Wood's tweet, on with Ark Invest's research, illustrates the expanding power of AI successful the realm of investments. The fusion of Bitcoin and AI has the imaginable to trigger a profound translation successful firm operations, perchance reshaping productivity and outgo dynamics. As investors research caller avenues for growth, Wood's optimism serves arsenic a persuasive awesome of the immense possibilities emerging astatine the intersection of cryptocurrency and artificial intelligence.
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