Cathie Wood defends Bitcoin's long-term viability against critics while simultaneously trimming $40 million from the ARK 21Shares Bitcoin ETF (ARKB) ahead of key regulatory votes.
Cathie Wood publicly rejected the 'dead cat' label for Bitcoin and argued it has many lives ahead, with no counterparty risk, which is bullish for near-term sentiment.
The article notes Cathie Wood sold approximately $40 million of ARKB on Sep 14, an insider reduction that may pressure the ETF short-term despite broader Bitcoin optimism.
ARK Invest CEO Cathie Wood has publicly rejected claims that Bitcoin is a 'dead cat' investment, emphasizing its decentralized nature and lack of counterparty risk. Despite her bullish long-term outlook, Wood recently offloaded $40 million of the ARK 21Shares Bitcoin ETF (ARKB), signaling a tactical shift in portfolio management amid broader market volatility.
The sale occurred on September 14, just ahead of the CLARITY cloture vote in the U.S. Senate, suggesting a tactical portfolio adjustment rather than a change in her long-term bullish thesis.
Wood believes the AI age will drive significant GDP growth and deflation, which could pressure traditional institutions reliant on short-term debt; she views Bitcoin as a safe, counterparty-risk-free alternative.