ARK has major stakes in Tesla, Square, and bitcoin in the funds it manages.
The crypto asset’s supply is fixed, unlike fiat currencies, and she told Bloomberg that bitcoin is an even better bulwark against inflation than gold.
On Square’s Cash App alone, more than 3 million customers bought or sold bitcoin last year; in January, more than 1 million of them bought bitcoin for the first time.
Tesla, Square, and MicroStrategy have committed a chunk of their companies’ cash holdings to bitcoin.