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Ark Invest Cathie Wood is Bullish on ETH as Proof-of-Stake Transition Nears
Ark Invest’s Cathie Wood doubled down on her crypto convictions at the recent SALT conference in New York, sharing price predictions and a renewed enthusiasm for ether. tweet Wood said her firm is keeping an eye on ether, saying that “Our confidence in ether has gone up dramatically as we’ve seen the beginning of this transition from proof-of-work to proof-of-stake.” While Ark doesn’t own any NFTs, according to Wood, she said that the explosive growth in use of Ethereum thanks to NFTs is bringing new investment opportunities. “Ether is seeing an explosion in developer activity thanks to NFTs and ... (full story)