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Fortune

Steve Mollman

Cathie Wood is still a Bitcoin evangelist but she’s getting candid about what she got wrong: ‘We tempered a few assumptions’

Cathie Wood Bitcoin Ark Invest Charlie Munger FTX Tesla Inc.

ARK Invest CEO Cathie Wood (Credit: Hugo Amaral—SOPA Images/LightRocket/Getty Images)

Cathie Wood is finally admitting she got some things wrong about Bitcoin.

The founder and CEO of ARK Investment Management said Thursday that she and her team misjudged the uptake of the cryptocurrency—or at least the timing of it—by companies and governments. Her firm has invested heavily in Bitcoin and continues to bet on its eventual rise to meteoric heights.

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