Crypto firm hits back at Cathie Wood
Blockchain.com co-founder Nicolas Cary hit back at Cathie Wood after the investor took a swipe at he crypto business by questioning its valuation and management.
"If you look at the others like Blockchain.com, its valuation over the past year has tripled while Coinbase in our portfolios is down 40%. That makes no sense," Wood, the CEO of Ark Invest, told CNBC on Tuesday.
Blockchain.com's management, co-founder Nicolas Cary said ‘I think the market is pretty clear — her position is down 50%’ $Coinbase (COIN.US)$ $Block (SQ.US)$ $ARK Innovation ETF (ARKK.US)$
"If you look at the others like Blockchain.com, its valuation over the past year has tripled while Coinbase in our portfolios is down 40%. That makes no sense," Wood, the CEO of Ark Invest, told CNBC on Tuesday.
Blockchain.com's management, co-founder Nicolas Cary said ‘I think the market is pretty clear — her position is down 50%’ $Coinbase (COIN.US)$ $Block (SQ.US)$ $ARK Innovation ETF (ARKK.US)$
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