Cathie Wood: Sovereign Wealth Funds Begin Allocating Bitcoin, Institutional Share of Bitcoin Futures Open Interest Has Increased to Around 63%
Cathie Wood, Founder, CEO, and Chief Investment Officer of Ark Invest, stated in an interview with Bloomberg that the model of DeepSeek could attract more companies to join the open-source AI movement, potentially disrupting the existing market structure and creating a new competitive landscape.
Cryptocurrency is the next internet revolution, currently witnessing a triple paradigm shift:
First, the institutional share of open contracts in Bitcoin futures has increased from 17% in 2020 to 63%.
Second, sovereign wealth funds are beginning to allocate, with the Norwegian Oil Fund revealing last month that it holds 42,000 BTC.
Most importantly, Bitcoin is becoming a balance sheet tool for tech companies—MicroStrategy holds 214,000 BTC, and Tesla also has strategic reserves.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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