Cathie Wood Strikes Gold on Bitcoin Investment Golie Mark

Cathie Wood’s exchange-traded funds (ETFs) may have hit the skids, but she has crushed it on bitcoin.

The Ark Investment Management CEO bought $100,000 worth of bitcoin when it traded at $250, she told The What Bitcoin Did Podcast. As of Oct. 24 that would be worth $7.7 million.

Wood bought on the influence of research by her mentor Arthur Laffer, a former economics professor and key economic official in the Reagan administration.

Turning to Wood’s Ark ETFs, their performance hasn’t matched that of her bitcoin investment.

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