Elon Musk’s Visionary Leadership and Tesla’s Future
Cathie Wood, ARK Invest CEO, supports Elon Musk’s visionary leadership and praises him for being the inventor of our age. She emphasizes the importance of visionary leaders in the market and believes in making aggressive investments to capitalize on significant opportunities.
Wood expresses approval for Musk’s desire for 25% voting control at Tesla to achieve AI goals and confront short-term oriented shareholders, stressing that Musk’s vision is vital for future advancements.
Bitcoin ETF and Its Market Impact
Wood discussed the January 11th launch of multiple SEC-approved spot Bitcoin ETFs, including the ARK 21Shares Bitcoin ETF (BATS: ARKB), acknowledging the initial speculation about a ‘sell on the news’ dynamic. She noted that the sale of nearly a billion dollars in GBTC by FTX as the spot Bitcoin ETF was launched contributed to market pressure.
Despite the fluctuations in Bitcoin’s price and the ETF’s shares, Wood remains undeterred in her belief in Bitcoin’s significance, describing it as a global, rules-based monetary system and the most important of all crypto ideas. She also excitedly anticipates the future prospects of Bitcoin and maintains a high price target for it by 2030.
Hot Take
Cathie Wood praises Elon Musk’s visionary leadership and expresses excitement about the future prospects of Bitcoin.
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