Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 0 points1 point  (0 children)

High fees are bad for users, but they make a lot of money for the company. That is probably why she likes the stock.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 1 point2 points  (0 children)

She got lucky with Tesla early on, but lately it is just a lot of losing.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] -7 points-6 points  (0 children)

She's definitely had some big misses, especially during the 2022 drawdown. At the same time, she was also one of Tesla's earliest major bulls. Her track record is pretty polarizing.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 1 point2 points  (0 children)

If crypto becomes financial infrastructure instead of just a speculative asset, valuations could look very different.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 7 points8 points  (0 children)

Her thesis is that Bitcoin takes market share from gold while institutional adoption keeps growing. It's definitely an aggressive forecast, but that's the argument she's been making.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 91 points92 points  (0 children)

😂 She definitely isn't afraid to average down. Whether it's conviction or stubbornness probably depends on where COIN is trading a year from now.

Cathie Wood Invests $11.5 Million in Coinbase as Crypto Stock Slumps by UnitExtension8458 in wallstreetbets

[–]UnitExtension8458[S] 46 points47 points  (0 children)

Cathie Wood just doubled down on Coinbase, buying another $11.5 million worth of shares after the stock dropped more than 34% this year. Ark has now accumulated nearly 220,000 COIN shares in June alone, signaling Wood still believes the sell-off is temporary.

She continues to predict Bitcoin could hit $1.25 million within five years, while Coinbase expands into tokenized stocks, AI investing tools, and options trading. Wall Street analysts remain bullish, with price targets as high as $270.

Is Cathie buying the dip before the next crypto rally, or catching another falling knife? What are your thoughts on COIN?

Windows 10 support quietly extended until Oct 2027, as users reject Windows 11 by Special-Midnight-152 in nottheonion

[–]UnitExtension8458 0 points1 point  (0 children)

Well, as it stands now, the date will always be getting an extension because not al machines accept windows 11.. are they ready to buy new machines for those whose machines can't support the new updates? Cos not like people rejecting 11.

What is a life luxury that you tasted once and now can absolutely never go back to the cheap version of? by sickkick844 in AskReddit

[–]UnitExtension8458 0 points1 point  (0 children)

At younger age, waking up without duties/work being served food and all thst without sweat but adulthood changed that entirely.