ARK has had a great year, with their holdings up nearly 75% investing in companies Tesla, NVidia, and Amazon. But when looking for the next round of big returns - they're eyeing cryptocurrencies.
This news comes after a mixed month of feedback from Wall Street.
With doubters like JPMorgan CEO Jamie Dimon calling bitcoin a "fraud".
Along with new believers like former Goldman Sachs partner Michael Novogratz, who's putting together a massive $500 million dollar bet that Bitcoin's value will double yet again.
Cathie Wood responded to some of Jamie Dimon's negitive remarks “Jamie is talking about store of value, I actually think this has a lot over fiat currencies” Wood says.
But be warned: where the Wall Street crowd goes, government regulators follow.
2018 is starting to look like the year when both big money, and big government will dive in head first.
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Author: Oliver Redding
Seattle News Desk
