Continued market momentum will be driven by “regulatory relief,” one of the most important things expected from the new US administration, said ARK Invest’s Cathie Wood.
Bitcoin may have recently hit a new all-time high above $90,000, but ARK Invest’s Cathie Wood says it still has a “long way to go.”
She pointed out that Ark was the first public asset manager to gain exposure to Bitcoin in 2015 at $250, “and we still at $90,000 think we have a long way to go,” she said in an interview on CNBC’s Squawk Box on Nov. 15.
Wood said the continued momentum would be driven by “regulatory relief,” one of the most important things expected from the new United States administration.
