The downfall of cryptocurrency exchange FTX has stunned crypto investors. Its bankruptcy filing has hurt many stocks in the crypto space. However, Ark Invest’s founder Cathie Wood remains unfazed and continues to buy stocks from the sector.
In her recent interview with Bloomberg, she said, "We think bitcoin is coming out of this smelling like a rose." She reiterated her price target for bitcoin at $1 million per token by 2030.
