Cathie Wood Thinks Bitcoin Could Reach $500,000. Is She Right?
ARK Invest CEO Cathie Wood has been one of the best investors of the modern era.
Her flagship exchange-traded fund ARK Innovation ETF (NYSEMKT: ARKK), which focuses on disruptive tech stocks like Tesla, Roku, and Square, has returned more than 400% since its founding in 2014, outperforming the S&P 500 by nearly a factor of four, and Wood garnered much acclaim when five of her funds returned more than 100% last year.
Though ARK ETFs have mostly slipped this year with the broader sell-off in growth stocks, given her track record, it's worth paying attention to what Wood has to say.
Source Fool.com
