Cathie Wood’s 4 Best Ark Invest Picks

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Cathie Wood invests in stocks well exposed to blockchain and four other disruptive tech themes. His company’s chief research officer, Ark Invest, described their investment strategies in a recent interview with Insider. Brett Winton shared four stocks that could benefit from the crypto boom.

The start of 2022 has been a difficult one for the crypto markets.

Bitcoin fell about 10% last week, falling back to the $ 40,000 level. Ethereum and Solana have also struggled, falling more than 20% in the past seven days.

But there is another way to bet on blockchain: by investing in the underlying technology that supports crypto. Retail investors can try to identify which stocks are best positioned to benefit from widespread adoption of crypto.

Ark Invest does both. Its founder and CIO Cathie Wood is a well-known crypto bull, having predicted that bitcoin would eventually hit $ 500,000. But it also owns several blockchain-related stocks in its flagship innovation ETF, which trades under the ticker ARKK.

Blockchain is one of the five disruptive tech themes Ark is investing in – and he expects the total value of the crypto-asset space to increase by about twenty-fold over the next decade.

“Cryptoassets will be worth $ 40 trillion by 2030,” Ark chief researcher Brett Winton told Insider in a recent interview. “This will create huge investment opportunities.”

Winton added that the best way to find potential winners from listed cryptocurrencies is to identify companies that are already incorporating “crypto-native” ideas.

“The companies that are likely to win from crypto are the ones that are crypto-native the most,” he said. “This means they are already developing the ability to support the underlying protocols.”

Several recent investment stories reflect the growing influence of blockchain in the stock market. In October of last year, Facebook rebranded itself as Meta Platforms to demonstrate its commitment to creating its own metaverse. GameStop shares jumped 22% last week after a report said the game retailer planned to create a market for NFTs.

Winton shared his analysis of the top four stock picks with Insider. He said the four can benefit from the widespread adoption of cryptocurrencies and blockchain technology.

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