BULLISH 📈 : Cathie Wood Increases Crypto Stock Holdings Amid Market Correction

Ark Invest Increases Crypto Stock Holdings Amid Market Correction

Cathie Wood's Ark Invest sees opportunity in the recent crypto market correction.
The firm increased its exposure to crypto-linked stocks such as BitMine, Circle, Bullish, and Robinhood.
ARK Innovation ETF and ARK Blockchain & Fintech Innovation ETF acquired shares during the dip.
235,077 shares of [Robinhood](https://holder.io/coins//) worth $21.1 million were bought by ARKK ETF.
274,358 shares of BitMine worth about $6.2 million were also purchased.
ARKF added 6,699 [Coinbase](https://holder.io/coins//) shares to its portfolio.
Despite market pressure, ARK continues to increase its exposure to crypto-related stocks.

Cathie Wood Advocates Bitcoin Over Gold

Cathie Wood suggests reallocating from gold to [Bitcoin](https://holder.io/coins/btc/) due to potential inflationary pressures easing.
She noted consumer price inflation has significantly dropped to 0.86% year-over-year.
Wood maintains a long-term bullish outlook for Bitcoin, predicting a possible $1.5 million price target by 2030.