Cryptocurrencies
Cathie Wood Says Environmental Concerns Over Bitcoin Are Temporary
- Head of Ark Investment defends position on cryptocurrency
- Still maintains conviction in companies like Tesla, Roku
Cathie Wood
Photographer: Alex Flynn/Bloomberg
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Concerns about Bitcoin’s environmental impact are unlikely to derail its long-term path higher, Ark Investment Management’s Cathie Wood says.
The star ETF manager is still bullish on the largest crytpocurrency, despite China’s crackdown on mining and Elon Musk’s tweets about its fossil fuel usage, she said in an interview with CNBC.