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Cathie Wood Chooses Block Over PayPal
In an interview with CNBC correspondent Kate Rooney during the 2022 Bitcoin Conference powered by Cash App, $ARK Innovation ETF (ARKK.US)$ Ark Invest founder and CIO Cathie Duddy Wood said the company ditched $PayPal (PYPL.US)$ and choose $Block (SQ.US)$ . According to Wood, Block has more focus on Bitcoin through the lighting network.
Notably, the $BTC lightning network has grown tremendously in the past year fueled by El Salvador’s adoption.
Cathie Wood and Ark Invest have invested in Bitcoin and blockchain technology through the decentralized financial ecosystem (DeFi). However, due to stringent regulations in the United States that have not favored the crypto market, the company has indirectly invested in Bitcoin. Nevertheless, Wood believes in holding Bitcoin over a period of time rather than timing buy entry.
Remember, Block is heavily invested in Bitcoin and has some of its liquidity in BTC. Otherwise, SQ shares have shown a significant correlation with Bitcoin price action.
Notably, the $BTC lightning network has grown tremendously in the past year fueled by El Salvador’s adoption.
Cathie Wood and Ark Invest have invested in Bitcoin and blockchain technology through the decentralized financial ecosystem (DeFi). However, due to stringent regulations in the United States that have not favored the crypto market, the company has indirectly invested in Bitcoin. Nevertheless, Wood believes in holding Bitcoin over a period of time rather than timing buy entry.
Remember, Block is heavily invested in Bitcoin and has some of its liquidity in BTC. Otherwise, SQ shares have shown a significant correlation with Bitcoin price action.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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搞经济 抄底 加仓 : PayPal can diversifie anytime as it a payment company. BLOCK is a BLOCK.
. But still hope she'll do well in years to come ![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
ARK Wood shares started declining when she hop into BLOCK and keep selling TSLA.US shares to averages it Crypto losses
baekyewsonnyang 搞经济 抄底 加仓 : Nope, you’re mistaken.
Block is ultimately operating as a conglomerate, capturing numerous other markets vs PayPal.
Despite the focus on bitcoin, Block’s core business is still Cash App and their Square Ecosystem. there’s a reason why it has extreme valuations vs PayPal - monitor cash app’s MAU and RPU; the market sentiment for Block is absurdly strong.
Block’s focus on bitcoin, and bitcoin ONLY could be a hit or miss, especially when Jack Dorsey refuses to expand to alt coins.
Block, now, is still in the early stages of development into a cohesive and comprehensive ecosystem that captures consumers - who eventually finds it extremely tough to leave their services.
Don’t miss this ship. All the best!
JJ Hou : In Asia, paypal is getting lesser popularity and also it seemed like SQ alwys outperform paypal (Alwys)
Wendyfbe OP JJ Hou :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Wendyfbe OP baekyewsonnyang : Wouldn't miss this ship
Wendyfbe OP 搞经济 抄底 加仓 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")