Cathie Wood's Best Cryptocurrency to Buy Now and Hold
In September, the SkyBridge Alternatives (SALT) Conference took place in New York, where many Wall Street fund managers met to discuss Bitcoin (CRYPTO: BTC), fintech, and alternative investments. Among the attendees was ARK Invest CEO Cathie Wood, and during her time onstage, she provided some illuminating insights.
Specifically, moderator Andrew Sorkin asked which cryptocurrency she would own if she could only choose one. Wood dodged the question a bit and decided to pick two, saying her firm would allocate 60% to Bitcoin and 40% to Ethereum. Of course, Wood has long been a Bitcoin bull, and given her success in the stock market, investors should take a closer look at both cryptocurrencies. But Bitcoin, in particular, stands out.
Here's why.
Source Fool.com