During a Wednesday interview with CNBC, Ark Invest head Cathie Wood doubled down on her uber-bullish prediction about the cryptocurrency industry, claiming that her firm continues to stand by its ambitious $500,000 call.

The cryptocurrency market entered crisis mode following the collapse of the FTX exchange in early November. While this disaster gave crypto naysayers an opportunity to dust off their gloomiest predictions, Bitcoiners were quick to distance themselves from the disaster. Wood recalled that Sam Bankman-Fried, the former CEO of the failed cryptocurrency exchange, was critical of the largest cryptocurrency. "Actually, Sam Bankman-Fried didn't like Bitcoin at all," she stressed.