Ark's Cathie Wood says NFTs make her smile, and she's even more bullish on bitcoin.
Cathie Wood, founder and CEO of Ark Investment Management, which manages more than $50 billion in assets, said that she’s keeping an eye on the explosive growth of non-fungible tokens, or NFTs, though she doesn’t hold any.
“I was walking when I heard the CEO tell his story, and my smile went ear to ear, because I said: ‘Man, this is gonna be so explosive,’” Wood said in a panel with CNBC anchor Andrew Ross Sorkin. “This is how I felt when the internet first came about.” However, Wood said she currently doesn’t hold any NFTs.
Wood also said her confidence in ether ETCUSD, -0.02% “has gone up dramatically,” as the blockchain starts its transition from proof-of-work to proof-of-stake. Ether was trading at $3,294, down 2.8% over the past 24 hours.
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