ARK Invest CEO Cathie Wood agrees with Fundstrat Global Advisors Head of Research Tom Lee and has likened the Circle (NYSE:CRL) IPO to a pivotal moment in the crypto industry, suggesting that institutional investors can no longer ignore the convergence of artificial intelligence and blockchain.
What Happened: In a Tuesday interview with BanklessHQ, Wood drew parallels between the Circle IPO and the ‘ChatGPT moment’ in the crypto industry. “I heard Tom Lee describe the Circle IPO as the ChatGPT moment and I understand it, Wood said.”
