Cathie Wood Just Bought These Metaverse and Crypto Stocks. Should You?
Cathie Wood is the chief executive officer and founder of wealth management firm ARK Investment Management. The firm offers investors access to several exchange-traded funds, all of which revolve around disruptive and innovative technologies.
Over the past year, Wood has become known as an ardent fan of the metaverse and cryptocurrency. In recent weeks, the technology investor doubled down on her existing position in Coinbase (NASDAQ: COIN) and initiated a position in metaverse darling Matterport (NASDAQ: MTTR).
Although both stocks have been on a downward spiral during the broader sell-off in technology stocks, investors have reason to believe that both Coinbase and Matterport present interesting long-term investments at current valuations.
Source Fool.com
