Cathie Wood Bullish On Bitcoin, Investing Heavily In Coinbase And Tesla
Cathie Wood’s investment management firm Ark Invest purchased an additional 74,792 shares of crypto exchange Coinbase (COIN), the company said on Thursday. Ark Invest also added 99,523 shares of Tesla (TSLA).
Cathie Wood’s Ark Invest Buys Coinbase (COIN) And Tesla (TSLA) Shares
Ark Invest CEO Cathie Wood on Thursday purchased 158,116 shares of crypto exchange Coinbase and 22,514 shares of electric vehicles firm Tesla. Cathie Wood has been actively buying Coinbase and Tesla shares in December as share price falls to new lows. Both COIN and TESLA shares recorded over 6% and 8% jump on Thursday.
Tesla Stock Slumps in 2022 More Than Both Bitcoin and Ethereum
With the cryptocurrency market renowned for its volatility, many traditional investors in stocks, bonds, and precious metals have steered clear of digital assets in 2022, especially in uncertain economic market conditions.
ARK Invest Loads Up Tesla And Coinbase Shares
On a day Tesla Inc (NASDAQ: NASDAQ:TSLA) stock dropped to over two-year lows, Cathie Wood’s ARK Investment Management took the opportunity to load up on the EV maker’s shares, displaying its unflinching trust in the company.
Elon Musk’s Tesla is Reportedly Planning Layoffs and a Hiring Freeze in 2023
Famous electric vehicle manufacturer Tesla is reportedly planning staff layoffs and the implementation of a hiring freeze beginning the first quarter of 2023.
Ark Invest’s Cathie Wood Buys Coinbase (COIN), Tesla (TSLA) Dip
Ark Invest’s CEO Cathie Wood buys more shares of cryptocurrency exchange Coinbase (COIN) and electric vehicles firm Tesla from the dip. Cathie Wood remains bullish on electric vehicles and cryptocurrencies, especially Bitcoin. Ark Invest founder Cathie Wood recently reiterated that Bitcoin price could hit $1 million by 2030.
Elon Musk: Recession Will Be Greatly Amplified if the Fed Raises Rates Next Week
Tesla CEO and Twitter chief Elon Musk has reiterated his warning about a recession in the U.S. He tweeted Friday that if the Federal Reserve raises interest rates again next week, the “recession will be greatly amplified.”
