The interaction between Bitcoin and AI could change the way companies are organized, leading to sharp cost reductions and explosive gains in productivity. This conclusion was reached by ARK Invest CEO Cathie Wood following a special podcast.
“I was struck by the possibilities created by these brilliant entrepreneurs”, she said.
Cathie Wood participated in recording a special podcast with Lightning Labs CTO Olaoluwa Osuntokun, head of developer and product support Cody Lowe, ARK Invest head of research Frank Downing, and founder of Sphinx Chat and Stakwork Paul Itoi (Itoi).
Previously, the company led by Wood released a study titled “Investing in Artificial Intelligence: Where Will Equity Values Manifest?”.
The company implements these strategies through vehicles such as the Disruptive Innovation ETF (ARKK) and the Next Generation Internet ETF (ARKW). These funds also invest in the stocks of cryptocurrency-related companies Coinbase and Block.
In April, ARK Invest and 21Shares filed a joint application to launch a spot Bitcoin-ETF. In August, the regulator delayed a decision on the firms’ proposal.
Earlier, ARK Invest and Glassnode developed the Coinblock indicator, which “provides the best assessment of the dynamics of demand and supply for the primary cryptocurrency, as well as other indicators based on them.”