The continued market momentum would be driven by “regulatory relief,” one of the most important things coming out of the new administration, said ARK Invest’s Cathie Wood.
Bitcoin may have recently hit a new all-time high at above $90,000, but ARK Invest’s Cathie Wood says it still has a “long way to go.”
She pointed out that Ark was the first public asset manager to gain exposure to Bitcoin in 2015 at $250, “and we still at $90,000 think we have a long way to go,” she said in an interview on CNBC’s Squawk Box on Nov. 15.
Wood continued to explain that the continued momentum would be driven by “regulatory relief” which was one of the most important things coming out of the new administration.
