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Image result for The CEO at ARK Investment Management is not surprised that many institutional investors turn to Bitcoin

Earlier this week, in an interview with Yahoo Finance, Catherine Wood, Founder and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), spoke about Bitcoin.

Wood began by saying that ARK Invest was not surprised by institutional institutional investors turning to cryptocurrencies.

Usually when there’s a parabolic move like Bitcoin enjoyed in 2017, it usually takes a generation for that asset or that stock to get back to that peak… I think part of this or the follow-through might have been triggered by again the bond yield pushing, doing what many people did not expect it to do. Have we made mistakes in monetary and fiscal policy that we are going to pay for in the future?– Most of us would say one of the ways typically is that ‘inflation inflating our way out of government debt’…

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