Cathie Wood, Optimistic Of Potential Bitcoin And Artificial Intelligence

Cathie Wood, CEO of ARK Invest, (left) (photo: Twitter @CathieuDWood)

JAKARTA - In a recent post on platform X (previously known as Twitter), Cathie Wood, CEO of ARK Invest, expressed his optimistic views on the pairing between Bitcoin (BTC) and artificial intelligence (AI).

In the post, Wood provided clues about the transformative potential in the dynamic synergy between AI and Bitcoin, stressing the possibility and positive impact these technologies have on various industries and the overall economic landscape.

The convergence between Bitcoin - and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ

— Cathie Wood (@CathieDWood) September 2, 2023

The convergence between Bitcoin - and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ

Support for Wood's optimistic view is supported by a research document published by ARK Invest entitled "Investing In Artificial Intelligence: Where Will Equity Values Surface?", which shows that both Wood and ARK Invest are assessing AI significance in investment strategies.

For years, Wood has allocated investment into various AI-related stocks, which demonstrates his strong belief in this growing technology. Wood's enthusiasm for Bitcoin is also seen through ARK's efforts to exchange-trained funds (ETF) Bitcoin. In addition, ARK is no stranger to investing in the digital asset sector, with significant holdings in Coinbase and Robinhood.

The document also notes the ARK Invest strategy that has generated profits from investment in artificial intelligence technology stocks. ETF ARK Corruption Innovation, dedicated to AI and other innovative technologies, managed to outperform the Nasdaq 100 Index, achieving a significant mid-year profit of 41.2%.

Wood's post, along with research by ARK, describes the growing influence of AI in the investment world. The combination between Bitcoin and AI has the potential to trigger a transformation in the company's operations, which may be able to change productivity and cost dynamics.

As investors explore new growth opportunities, Wood's support for Bitcoin and AI could lead to a larger flow of investment into these two technologies in the future.