Buying the dip is always an investor preference tactic used to seek significant returns, and not many investors implement it as aggressively as Cathie Wood does. As usual, ARK Invest (ARKK), led by Wood, pounced on Circle's (CRCL) recent slumps, and she believes it presents a long-term opportunity rather than a short-term loss.
Circle's recent performance has sparked a new controversy on Wall Street over the company's reliance on income from reserves, though it is obvious that Wood is not bothered by this. Her team assertively contributed to their role, which means they firmly believe in Circle's role as the middle of the stablecoin adoption process and the overall digital payment shift.
