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Ark Invest’s Cathie Wood Sticks With Crypto, Says Bitcoin and Ethereum Are ‘On the Right Track’

Speaking with CNBC on Monday this week, Cathie Wood, the CEO of asset management firm Ark Invest, praised Bitcoin in particular for being the most decentralized and transparent blockchain in the crypto space. She also made comparisons with the disgraced FTX founder Sam Bankman-Fried, and said there are obvious reasons why he preferred other blockchains over Bitcoin.

“Sam Bankman-Fried didn’t like bitcoin. Why didn’t he like it? Because it’s completely decentralized, transparent, he couldn’t control it,” Wood said in the interview.

“The blockchains, whether you talk about Bitcoin or Ethereum and many others, they didn’t skip a beat. Transactions did not stop. And I think that has given us a lot of confidence that actually they are on the right track.”

Ark Invest Cathie Wood
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