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Cathie Wood and her firm ARK Invest have a propensity for high-flying tech and artificial intelligence stocks. In fact, few have been more optimistic about cryptocurrencies than Wood, except for perhaps Michael Saylor. Wood has been particularly bullish on the world's largest cryptocurrency, Bitcoin (CRYPTO: BTC), in part because she views it as a form of digital gold and therefore an inflation hedge.

The Tokyo-based company has accumulated more than 2,000 bitcoin.

Mining economics came under pressure as the network hashrate rose while the bitcoin price fell, the report said.

The trading platform plans to debut the products after completing its purchase of Bitstamp.

Your day-ahead look for Feb. 18, 2025

The cryptocurrency market has fundamentally transformed our perception of money. Is crypto a currency, like the dollar? A commodity, like gold? Or an asset, like stocks? Its unique characteristics blur traditional classifications, making it a versatile financial instrument.

Bitcoin's (CRYPTO: BTC) price now sits at about $95,500. Could it be physically possible for the price to go all the way to $500,000? Understanding why it's realistic for Bitcoin's price to increase tremendously during the coming years requires understanding a key component of economics, as well as one of the peculiarities of the coin itself.