Cathie Wood Reveals She Owns More Than $7 Million In Bitcoin

Cathie Wood has revealed on the What Bitcoin Did podcast that she bought Bitcoin when it was trading at just $250 and that she is sitting on over $7 million worth of bitcoin.

Wood revealed she bought $100,000 worth of bitcoin on the advice economist Arthur Laffer.

Based on today’s bitcoin price of about $19,250, Wood has made an unrealized profit of over $7.6 million on her $100,000 investment.

Cathie Woods chairs Ark Invest which rose to prominence in the 2020 stock market boom as its bets on unprofitable tech companies paid off handsomely.

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