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Cathie Wood: Sovereign wealth funds have begun to allocate bitcoin, and the proportion of institutions in futures unpositioned squaring contracts has risen to about 63%

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2025-02-09 02:54:13
In an interview with Bloomberg, Cathie Wood, founder, CEO and chief investment officer of Ark Invest, said that DeepSeek's model may attract more companies to join the open-source AI camp, thus disrupting the existing market landscape and creating a new competitive landscape. Cryptocurrencies are the next internet revolution and are currently witnessing a triple paradigm shift: first, the institutional share of unpositioned squaring contracts in bitcoin futures has risen from 17% in 2020 to 63%; second, sovereign wealth funds have begun to allocate, and the Norwegian oil fund disclosed last month that it holds 42,000 BTC. Most importantly, bitcoin is becoming a balance sheet tool for technology companies - MicroStrategy holds 214,000, and Tesla also has strategic reserves.
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