Bitcoin (BTCUSD) tore through $124,000 last week, topping its July highs, while Ethereum (ETHUSD) also inched toward its record. The cryptocurrency market, once dismissed as a risky gamble, is now viewed as a legitimate hedge in a world drowning in debt and shaky fiat. Plus, with Washington finally offering regulatory clarity, digital assets are emerging as a new pillar in the financial order, attracting institutional giants.
When the financial world tilts, investors can bet Cathie Wood is nearby. The Ark Invest chief built her reputation by betting on disruptive innovations before the crowd caught on. Now, Wood is steering hard into crypto, having recently snapped up more than 2.5 million shares of Bullish (BLSH) valued north of $170 million, right out of its blockbuster initial public offering (IPO).
