ARK Invest CEO Cathie Wood: Most people understand that bitcoin is the 'money revolution'

Cathie Wood, ARK Invest CEO and CIO, joins 'Squawk Box' to discuss ARK Invest's 5 new ETF products in partnership with 21Shares, SEC's approval of bitcoin ETFs, the state of crypto sector at large, autonomous driving, Tesla, and more.

[lilliankerr-zc]

I think we are too obsessed about the economy crashing. In the right sense, the economy never crashes. It just undergoes cycles, and almost always recovers. So I really don't care what the predictions are. I just want to grow my portfolio. I read that people are pulling in massive profits from crypto despite the downturn. Any tips on how they do it?

[johnlennon]

The best times historically to buy Bitcoin have been when most people were scared to do it! Guess that is happening now?

[PhilipMurray]

I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately I'm a complete noob.

[ShaunaMomsen]

Please how do I get started? I'm completely new on this area of investing. I have a couple thousands saved up which i want to invest for long term and I know this sounds a bit dull but, I would like to know what advice you could give to start my investing journey.

[Dantursi]

The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

[geraldt]

Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Instead of trying to predict and prognosticate the stability of the market and precisely when the change is going to happen, a better strategy is simply having a portfolio that’s well prepared for any eventually, that’s how some folks' been averaging 150K every 7week these past 4months according to Bloomberg.

[TammyLutz]

I just sold a property in Portland and I'm thinking of putting the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[RobertDamanii]

For long-term investing, one of the key strategies is to get a professional to diversify your portfolio. This means spreading your investments across different asset classes, such as stocks, bonds, and real estate, to reduce risk. It's also important to consider your time horizon and investment horizon. The longer you have to invest, the more you can potentially take advantage of compounding returns.

[sydneyhunt]

since after covvid, the economy has not been the same, i’m really glad i took this krypto investment seriously, depending on the govt has really failed alot of people. because they dont even care at all

[TaimurMazhardirectorofRoyalban]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

[robinsonwalker]

Just because a stock/crypto is going up doesn’t mean it’s a good investment. just because a stock is going down doesn’t mean it’s a bad investment. theres more to a stock than just its stock price. An entire company and protocol. focus on the company/protocol, not just the stock price or the bitcoin price, I trade and hold profits keep up the great work! and also Kevin Nate Flint has been doing a great job reviewing all chart, trade and techniques on BTC which has enhance the growth of my portfolio to 17 BTC lately.

[jonathanmccarthy]

What changed? What changed is the SEC lost in court regarding its denial of the Grayscale spot BTC ETF application earlier this year.

[thecanadian]

Hit 200k today. I'm really grateful for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k in June 2022<<

[mesutserim]

Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

[sophieberen]

You work for 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a crypto market for just few months and now they are millionaires, all thanks to Mrs Jane, God bless you madam 😇

[adammontoya]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Mrs Maria Reyes

[Michelleyoung-dqzc]

You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires. I pray that anyone who reads this will be successful in life

[ServiziDeanA]

Market breadth is still weak, but leading stocks did well, with more clearing buy points or setting up. I find myself at a crossroads, uncertain whether to liquidate my $150, 000 stock portfolio. I'm seeking advice on the best strategy to capitalize on this current market.

[Harris]

This has become my new favorite channel on YouTube. Props to you for all the hard work you put into these videos, I've been a member of this amazing society of investors for a while now, and I can't articulate how much it has transformed my life. We're not just here to earn money; we're here to uphold one another, grow collectively, and rejoice in every stride toward our financial aspirations...

[gregspencer]

I startrd trading Bitcoin months ago, I have already made over $250, 000. I wish I knew this sooner, I would have been a millionaire.