Wood said that companies in ARKK, however, are “sacrificing short-term profitability for exponential and highly profitable long-term growth,” according to the Wall Street Journal.
After the collapse of Sam Bankman-Fried’s once $32 billion crypto empire, FTX, Wood even doubled down on her prediction that bitcoin will skyrocket to $1 million by 2030, a staggering 6,000% increase from its current price.
“Sometimes you need to battle test, you need to go through crises… to see the survivors,” she said in a Bloomberg interview. “We think bitcoin is coming out of this smelling like a rose.”
