Kathy Wood expressed optimism about the intersection of bitcoin with AI


The interplay between Bitcoin and AI has the potential to change the way companies organize, leading to dramatic cost reductions and explosive productivity gains. This conclusion was made by ARK Invest CEO Cathy Wood following a special podcast.

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“I was blown away by the opportunities these brilliant entrepreneurs create”she said.

Katy Wood took part in a special podcast with Lightning Labs CTO Olaoluwa Osuntokun, Fedi Head of Developer & Product Support Cody Lowe, ARK Invest Head of Research Frank Downing, and Sphinx Chat and Stakwork founder Paul Itoi (Itoi).

The Wood-led company released a study, Investing in Artificial Intelligence: Where Will Equity Values ​​Show?

The company implements these strategies through structures such as Disruptive Innovation ETF (ARKK) and Next Generation Internet ETF (ARKW). These funds also invest in shares of crypto-related companies Coinbase and Block.

Recall that in April, ARK Invest and 21Shares filed a joint application to launch a spot Bitcoin ETF. In August, the regulator postponed a decision on the proposal of firms.

Earlier, ARK Invest and Glassnode specialists developed the Coinblock indicator, which “gives a better estimate of the dynamics of supply and demand for the first cryptocurrency, as well as other indicators based on them.”

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