21.2 C
New York
Friday, September 24, 2021

Buy now

60% Bitcoin, 40% Ethereum By Investing.com






By Laura Sánchez

Investing.com – Cathie Wood, founder and CEO of Ark Investment Management, which manages more than $ 50 billion in assets, expects the price to exceed $ 500,000 in the next five years. “If we are correct, and companies continue to diversify their cash into cryptocurrencies, and institutional investors begin to allocate 5% of their funds to this sector … We believe that the price [de bitcoin] it will be ten times higher than today, “said Cathie Wood on Monday, in statements collected by CNBC.

Wood also said that his trust in has grown as the blockchain begins its transition from proof of work to proof of stake. Ether was trading at $ 3,294, down 2.8% in the past 24 hours.

When CNBC Asked what his options are, if he were only to invest in cryptocurrencies, Wood said he would allocate 60% to Bitcoin and 40% to Ethereum.

An SEC filing last Friday reveals that Ark Investment is investing in Canadian Bitcoin ETFs.




Legal warning: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy / sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.




TAMMY SEWELL
Tammy Sewell is our Writer and Social at OICanadian.com. Tammy loves sports, she writes our celebrities news. She spends time browsing through several celebs news sources as well the Instagram. Email: [email protected] Phone: +1 513-209-1700

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
2,955FollowersFollow
0SubscribersSubscribe

Latest Articles