Cathie Wood, CEO of Ark Invest, is a well-known investor who is bullish on both Bitcoin and artificial intelligence (AI). She believes that the two technologies have the potential to revolutionize the financial system and create new opportunities for investors.
In a recent tweet, Wood said that the convergence of Bitcoin and AI could “transform the way companies organize, causing a collapse in costs and an explosion in productivity.” She also said that she was “blown away by the possibilities these brilliant entrepreneurs are creating.”
The convergence between Bitcoin – and AI could transform the way companies organize, causing a collapse in costs and an explosion in productivity. I was blown away by the possibilities these brilliant entrepreneurs are creating. Look for this podcast on Thursday! https://t.co/kPW92CuhFQ
— Cathie Wood (@CathieDWood) September 2, 2023
Wood’s optimism about the future of Bitcoin and AI is supported by her research. In a 2023 research paper, Ark Invest argued that AI could be used to improve the security and efficiency of Bitcoin transactions. The paper also said that AI could be used to create new financial products and services based on Bitcoin.
Wood’s views on Bitcoin and AI are shared by many other experts. A recent survey by Bank of America found that 70% of financial professionals believe that Bitcoin will become a mainstream asset class in the next five years. The survey also found that 60% of professionals believe that AI will have a significant impact on the financial industry.
The convergence of Bitcoin and AI is still in its early stages, but it has the potential to be a major disruptive force in the financial industry. Wood believes that this convergence could create new opportunities for investors and help to make the financial system more efficient and secure.
