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3 Reasons Growth Investors Like Cathie Wood Love Block Stock

TheMotleyFool

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3 Reasons Growth Investors Like Cathie Wood Love Block Stock: https://g.foolcdn.com/editorial/images/764619/gettyimages-1298346599-1200x800-5b2df79.jpg

Cathie Wood, the founder and CEO of Ark Invest, got her reputation by investing in tech companies with huge growth potential. One of her top holdings is Block (NYSE: SQ), with her Ark Innovation ETF owning around $500 million in shares, roughly 6% of its entire portfolio.

There's a lot to love about Block stock. If its growth potential is realized, shares could easily double, triple, or even quadruple in value. Why are growth investors like Cathie Wood betting so big on the company? There are three major factors.

Buying stock in Block is one of the easiest ways to get exposure to the massive growth of cryptocurrencies like Bitcoin.

Source Fool.com

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