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Fortune
Fortune
Steve Mollman

Cathie Wood says FTX’s Sam Bankman-Fried disliked Bitcoin because he ‘couldn’t control it’

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

Ark Invest CEO Cathie Wood made waves last month by maintaining her bullish stance on Bitcoin. Despite the cryptocurrency having sunk more than 60% in the year to below $17,000 at the time, she confidently predicted it would hit $1 million by 2030, reiterating a call that her firm made in April.

This weekend, she signaled her continued confidence in Bitcoin and shared data to back it up, while also criticizing Sam Bankman-Fried, the founder and ex-CEO of cryptocurrency exchange FTX. 

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