Cathie Wood To Support Bitcoin, AI Collaboration
It is assumed that Cathie Wood, CEO of ARK Invest, believes in the convergence of Bitcoin and artificial intelligence based on information from a recent post she made on X.
According to sources, Wood expressed interest in the dynamic synergy between AI and bitcoin. According to Cointelegraph, she is thought to have stressed the opportunities and ramifications that the technologies hold for every industry as well as the overall state of the economy.
“The convergence between Bitcoin and AI could transform the way companies organise, causing a collapse in costs and an explosion in productivity,” Cathie Wood.
It is also stated in the document that investments made in tech stocks related to artificial intelligence can be tied to the strategies used by ARK Invest. The ARK Disruptive Innovation ETF is anticipated to focus on artificial intelligence and other cutting-edge technology. According to Cointelegraph, it allegedly outperformed the Nasdaq 100 Index and generated a large mid-year profit of roughly 41.2%.
(With inputs from Shikha Singh)
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