Cathie Wood‘s ARK Invest has weighed into the debate over whether or not Tesla CEO Elon Musk was right to stop accepting Bitcoin payments for Tesla vehicles on environmental grounds.
Monday, Wood’s firm reiterated its stance that Bitcoin mining can help, not harm, the environment by speeding the world’s transition to renewable energy. That puts ARK in opposition to the opinion of the CEO of the company where its flagship investment fund has put the biggest share of its assets.
ARK’s...
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May 18, 2021 at 12:57AM
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Cathie Wood's ARK Questions Tesla CEO Elon Musk's Call on Bitcoin - Barron's
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