Cathie Wood on Bitcoin
From Cathie Wood on Bitcoin Holdings, Tesla, AI, 2024 Outlook · · Bloomberg Television
“We're as optimistic about Bitcoin as we ever have been. But there were there are a few regulatory and tax uncertainties, and we had been waiting for the discount between BTC and NAV two to narrow. It was as high as 50% at one point last year when there was great uncertainty around all of the turmoil in crypto generally and now it's single digit and there are no other products out there that we can use to gain exposure to Bitcoin in this moment.”
On , Cathie Wood, CEO & Founder at ARK Invest, spoke about Bitcoin during Cathie Wood on Bitcoin Holdings, Tesla, AI, 2024 Outlook on Bloomberg Television.
About Cathie Wood
Cathie Wood, CEO and CIO of Ark Invest, has recently made several public appearances discussing her investment theses on autonomous vehicles, artificial intelligence, cryptocurrency, and macroeconomic trends. In a June 2026 ride-along in a Tesla Robotaxi in Austin, Texas, Wood stated that she believes Tesla will achieve a "winner take most" market share in the robotaxi space, predicting the company could lower costs to 25 cents per mile at scale. She also argued that auto production has already peaked, citing the rise of ride-hailing services. Regarding SpaceX, Wood stated that her firm's preliminary analysis suggests orbital data centers could increase the company's revenue potential by "10 to 20 times" beyond their existing model, which had previously valued the company at $2.5 trillion based solely on broadband connectivity. On macroeconomic and regulatory matters, Wood has argued that the U.S. economy is entering a "boom territory" driven by productivity gains and capital spending, and she attributed recent market volatility to uncertainty around new Federal Reserve Chairman Kevin Warsh's policy stance. She has also expressed optimism about cryptocurrency, stating that institutional adoption is accelerating and that the "bottoming process" for Bitcoin is underway, with a base case price target of $730,000 by 2030 remaining intact. Wood praised SEC Chairman Paul Atkins for his deregulatory approach and predicted that the Clarity Act, if passed, would be a boon for the crypto ecosystem. She has also highlighted the convergence of AI, robotics, and blockchain technologies as a key driver of what she describes as a "technology revolution" that will dwarf the industrial revolution.