It’s no secret that financial institutions have taken an interest in blockchain technology. The technology underneath bitcoin has potential to reduce costs and increase efficiency. However, there still seems to be a stigma surrounding bitcoin itself: influencers have expressed their doubts regarding the cryptocurrency’s future.
Of course, not all companies have shunned bitcoin. One investment firm in particular, ARK Invest, went ahead and included a trust that holds bitcoin into their Tech x.0 ETF a few months ago. CoinReport had the opportunity to ask founder Catherine Wood, head of product development Tom Staudt and ARK thematic analyst Chris Burniske about this decision, along with their thoughts on the future of bitcoin.
What led to the founding of ARK Invest?
Catherine: ARK Invest was founded with a strong desire to focus solely on thematic investing solely in disruptive innovation, moving away from benchmark