In a recent Twitter thread, Ark Invest CEO Cathie Wood expressed her positive opinion on the intersection of Bitcoin (BTC) and Artificial Intelligence (AI)
in her tweetCathie Wood subtly hints at the enormous transformative potential inherent in the dynamic synergy between artificial intelligence and Bitcoin, highlighting the possibilities and positive impact of these technologies on different industries and the overall economic landscape. Her enthusiasm is a testament to the rapid and continuous development in the world of cryptocurrencies and artificial intelligence.
The convergence between Bitcoin and artificial intelligence could change the way companies are organized, resulting in a dramatic drop in costs and an explosion in productivity. I was astounded by the possibilities created by these extraordinary entrepreneurs. Look for this podcast Thursday! https://t.co/kPW92CuhFQ
— Cathy Wood (@CathieDWood) September 2, 2023
Backing Wood’s optimistic outlook is a research paper published ARK Invest is titled “Investing in Artificial Intelligence”. The study is a strong indication that both Cathie Wood and Ark Invest are actively evaluating the importance of artificial intelligence in their investment strategies.
Over the years, Cathie Wood has allocated investments to various artificial intelligence-related stocks, demonstrating her strong belief in emerging technologies. In addition to her deep interest in artificial intelligence, Cathie Wood’s passion for Bitcoin is evident through ARK Invest’s efforts in a Bitcoin ETF. Additionally, ARK Invest also holds large stakes in Coinbase and Robinhood in addition to Bitcoin, solidifying its position in the cryptocurrency industry.
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The filing also highlights Ark Invest’s strategies that have paid off from investing in artificial intelligence tech stocks. The ARK Disruptive Innovation ETF (ARKK), which focuses on artificial intelligence and other pioneering technologies, outperformed the Nasdaq 100 (QQQ), posting a respectable mid-year profit of 41.2%.
Wood’s tweet, along with Ark Invest’s research, points to the growing influence of artificial intelligence in investing. The convergence of Bitcoin and artificial intelligence has the potential to trigger profound changes in business operations, potentially reshaping productivity and cost dynamics. As investors explore new avenues for growth, Wood’s optimism sends a persuasive signal of enormous possibilities at the intersection of cryptocurrencies and artificial intelligence.
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