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Tesla Has Had A Major Bull In Cathie Wood s Ark. Now The Two Are At Odds Over Elon Musk s Bitcoin Stance
Cathie Wood-headed ARK Invest’s Director of Research Brett Winton is calling
Bitcoin (BTC) a “novel economic institution” and said its potential outweighs its energy requirements a stance diametrically opposite taken by
Tesla Inc (NASDAQ:TSLA) CEO Elon Musk.
What Happened: Winton made his comments on
Twitter Inc’s (NASDAQ:TWTR) social media platform Thursday in a string of posts.
The Ark executive said that Bitcoin and other decentralized smart contracting platforms are “displacing a legacy financial ecosystem that is already misunderstood and significantly more opaque results in terrain fertile for large-scale misinterpretation.”
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