{"id":38041,"date":"2024-10-30T13:00:00","date_gmt":"2024-10-30T11:00:00","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=38041"},"modified":"2025-08-30T00:56:59","modified_gmt":"2025-08-29T21:56:59","slug":"who-is-cathie-wood-and-how-does-she-promote-bitcoin","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/who-is-cathie-wood-and-how-does-she-promote-bitcoin\/","title":{"rendered":"Who is Cathie Wood and how does she promote bitcoin?"},"content":{"rendered":"<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Key points<\/h2>\n<ul class=\"wp-block-list\">\n<li>Catherine (Cathie) Wood is the founder and CEO of the asset manager ARK Invest.<\/li>\n<li>The firm focuses on disruptive technologies and innovation, including artificial intelligence, blockchain, robotics, energy storage, autonomous driving and DNA sequencing.<\/li>\n<li>In January 2024 the U.S. Securities and Exchange Commission (SEC) approved 11 spot bitcoin-<a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> filings, including those from ARK Invest and 21Shares. Wood then predicted the leading cryptocurrency could reach $1.5m by 2030.<\/li>\n<\/ul>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Early years<\/h2>\n<p>Wood was born in 1955 in Los Angeles, California. She graduated with honours from the University of Southern California in 1981 with a bachelor\u2019s degree in finance and economics.<\/p>\n<p>Her views were shaped by her mentor, the economist <a href=\"https:\/\/ru.wikipedia.org\/wiki\/%D0%9B%D0%B0%D1%84%D1%84%D0%B5%D1%80,_%D0%90%D1%80%D1%82%D1%83%D1%80\">Arthur Laffer<\/a>. Among his central ideas was the counterintuitive theory that, under certain conditions, low tax rates maximise government revenues.<\/p>\n<p>Wood\u2019s finance career began in 1977 at Capital Group. Three years later she moved to Jennison Associates, where she <a href=\"https:\/\/www.ark-invest.com\/our-team\/\">worked<\/a> for 18 years, serving as chief economist, equity research analyst, portfolio manager and director.<\/p>\n<p>In 1998 Wood co-founded the hedge fund Tupelo Capital. In 2001 she joined AllianceBernstein as <span data-descr=\"chief investment officer\" class=\"old_tooltip\">CIO<\/span>, managing more than $5bn in assets. Her 12 years there laid the groundwork for creating ARK Invest.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Founding ARK Invest<\/h2>\n<p>In 2014 Wood founded the investment firm ARK Invest (Ark Investment Management LLC). The name alludes to Noah\u2019s <span data-descr=\"Ark \u2014 'ark'\" class=\"old_tooltip\">ark<\/span>, underscoring the founder\u2019s Christian faith.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cIt\u2019s not so much about me and the promise that my bets are long-term; it\u2019s about allocating capital to God\u2019s creation in the most innovative and creative way,\u201d \u2014 <a href=\"https:\/\/www.ft.com\/content\/4df2b4cf-2ffe-4db5-9594-47e05e1e2240\">noted<\/a> Wood.<\/p>\n<\/blockquote>\n<p>The name is also an acronym that can be rendered as \u201cActive Research Knowledge.\u201d The company had no external investors \u2014 over the first three years Wood <a href=\"https:\/\/www.forbes.com\/sites\/hayleycuccinello\/2020\/10\/13\/american-self-made-women-founders-over-40\/\">invested<\/a> more than $5m of her own capital.<\/p>\n<p>Her approach to asset selection rests on the conviction that innovative companies have the greatest potential for growth, despite their volatility and higher risks.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">What is in ARK Invest\u2019s portfolio<\/h2>\n<p>The flagship is ARK Innovation ETF (ARKK), which focuses on companies such as Tesla, Moderna and Meta, and invests in health-care and financial technologies.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXdkeDkmDjLrhzYS0g6W2i1g_m4dcs7m4zDnQoS8pMqOcJx_cagpRMe30fzXBEKAwOfI77eB_5fOboMyrRMTZ1cGxSoYz5_HHxmsxyp2FTpfe4N-HGStdV8GK6-M7aoIF01ig2qX3nB9x84qGsXl1v1Q1LZc?key=2JBageJasasrUTJdcFwk4bPY\" alt=\"Who is Cathie Wood and how does she promote bitcoin?\"\/><figcaption class=\"wp-element-caption\">Top 10 holdings in ARK Innovation ETF. Data: <a href=\"https:\/\/www.ark-funds.com\/funds\/arkk\">ARK Invest<\/a>.<\/figcaption><\/figure>\n<p>This fund saw striking gains in 2020, attracting retail and institutional investors. Despite the subsequent pullback from its highs, Wood remains confident in ARKK\u2019s long-term potential.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-qw.googleusercontent.com\/docsz\/AD_4nXd5anZwroXr2zTrzhL4g6RvlOwBc0tKRMx0x1eCadYbU5cghjQF4IddX2E6hK3juUSWwYEywknpq9LbpbySDZJZxGTIkNA8vsimLRgZwPs7pwpmvdFZoFFQajvUsGCu5EW2KYAFoSUHydphRmWZeNzUg3PW?key=2JBageJasasrUTJdcFwk4bPY\" alt=\"Who is Cathie Wood and how does she promote bitcoin?\"\/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/ycharts.com\/companies\/ARKK\/assets_under_management\">YCharts<\/a>.<\/figcaption><\/figure>\n<p>In addition to ARK Innovation ETF, the company also manages:<\/p>\n<ul class=\"wp-block-list\">\n<li>ARK Next Generation Internet ETF (ARKW) \u2014 focuses on companies tied to next-generation internet technologies;<\/li>\n<li>ARK Genomic Revolution ETF (ARKG) \u2014 invests in projects advancing gene technologies and medical innovation;<\/li>\n<li>ARK Fintech Innovation ETF (ARKF) \u2014 targets financial technologies, including digital payments and blockchain;<\/li>\n<li>ARK Autonomous Technology &#038; Robotics ETF (ARKQ) \u2014 invests in autonomous technologies, robotics and automation;<\/li>\n<li>ARK Space Exploration &#038; Innovation ETF (ARKX) \u2014 focuses on companies working in space technologies.<\/li>\n<\/ul>\n<p>ARK also offers several newer and specialised ETFs, notably the ARK Venture Fund, which targets early-stage private companies. Another example is the ARK 21Shares Bitcoin ETF.<\/p>\n<\/div>\n<div class=\"wp-block-text-wrappers-cards single_card\">\n<h2 class=\"card_label\">Why Wood backs bitcoin<\/h2>\n<p>ARK Innovation ETF holds crypto-focused companies including Coinbase, Block and Robinhood. The asset manager bought Robinhood shares on the stock\u2019s first trading day in July 2021 \u2014 a couple of months after jointly filing with 21Shares to launch a spot bitcoin ETF with the SEC.<\/p>\n<p>At the time Wood said that, over time, the leading cryptocurrency would become greener than the traditional financial-services sector and the gold-mining industry.<\/p>\n<p>Over a prolonged period ARK and 21Shares made several attempts to secure approval for their product. They succeeded only on 10 January 2024, when the SEC <a href=\"https:\/\/forklog.com\/en\/news\/sec-approves-all-11-spot-bitcoin-etf-applications\">approved<\/a> 11 spot exchange-traded funds based on the leading cryptocurrency.<\/p>\n<p>On 12 January Wood <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-predicts-bitcoin-could-reach-1-5-million-by-2030\">predicted<\/a> that, in a bull case, digital gold could reach $1.5m by 2030. The ARK Invest chief added that her conviction in bitcoin stems primarily from its role as protection against direct and indirect confiscation of wealth.<\/p>\n<p>According to her, the asset demonstrated strength and resilience during the U.S. regional banking crisis in the spring of 2023. Over that period bitcoin rose from $19,000 to $30,000. Wood sees this as a sign of investors\u2019 trust in the cryptocurrency as a haven asset.<\/p>\n<p>Earlier, in an interview with Schwab Network, Wood <a href=\"https:\/\/forklog.com\/en\/news\/cathie-wood-reveals-her-bitcoin-investment-strategy\">said<\/a> she holds roughly a quarter of her financial capital in the leading cryptocurrency. She noted that her portfolio is \u201calmost entirely tied to innovation,\u201d including digital assets.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Who is Cathie Wood and why does she back bitcoin? We answer in cards.<\/p>\n","protected":false},"author":1,"featured_media":38042,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"1","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[2113],"tags":[2116,2136],"class_list":["post-38041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptorium","tag-101-bitcoin","tag-101-people"],"aioseo_notices":[],"amp_enabled":true,"views":"184","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=38041"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38041\/revisions"}],"predecessor-version":[{"id":38043,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/38041\/revisions\/38043"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/38042"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=38041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=38041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=38041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}