Katy Wood’s BTC bet brought her about 7500% profit from IFX

Investing.com – Famous stock investor Kathy Wood, who manages Ark Invest funds she founded, is a huge fan of bitcoin and cryptocurrencies in general.

Speaking Monday on Peter McCormack’s What Bitcoin Did podcast, Kathy Wood talked about her first position in BTC, saying she bought $ 100,000 worth of bitcoin when the cryptocurrency was worth around $ 250. She didn’t specify a date, but the price. indicated refers to the purchase in 2015.

Wood also claimed to hold this position, which means that his current unrealized profit is around $ 7.6 million, in other words, the profit on this position was 7500%.

It should be noted that this is a personal bet on bitcoin, as it is currently not possible to do so in Ark Invest funds for regulatory reasons.

However, it should be noted that ARK was eventually able to gain exposure through the Grayscale Bitcoin Trust (GBTC), where the ARK Next Generation Internet Fund (ARKW) currently owns around 5.9 million shares worth around. $ 67.4 million.

As for the recent evolution, it’s worth noting that the cryptocurrency has been consolidating just below the $ 20,000 mark for several weeks, a step backwards after nearly a year of decline since the cryptocurrency hit its all-time high in November 2021. .

According to many experts and analysts, this behavior, along with other signals, could herald an impending bear market in cryptocurrencies.

However, in the short term, Bitcoin faces a key hurdle consisting of a major psychological threshold of $ 20,000 and a 100-day moving average of $ 20,900.

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