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Cathie Wood is the founder, CEO and CIO of Ark Invest. In this interview, we discuss investing in disruptive technologies, the importance of research for investment, deflationary signals, uncertainty in the Fed\u2019s decision-making, and Ark\u2019s continued bullish outlook for Bitcoin.\xa0\xa0\xa0\xa0

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Back in 2015, Cathie Wood\u2019s Ark Invest became the first public fund manager to invest in Bitcoin. This was a very early trade for an institutional basis, prior to some of the major news events that have led others to have followed Ark in recent years. But this is Ark\u2019s business, identifying nascent technologies that could serve to be the basis for real societal change.\xa0

Cathie Wood\u2019s business strategy is to get into the detail of the markets they're interested in. This means research by informed analysts who can unpick the strengths, weaknesses, opportunities and threats for each specific industry. Any bullish statement they make is based on hard business data, not just an extrapolation of financial performance.\xa0

The elephant in the room for Ark is that their Innovation ETF is down 75% from its highs in the early part of 2021. This has placed Ark and Cathie in the firing line of commentators. And for every negative article or tv piece, there will be a line of nervous investors seeking reassurance. This is when research pays off - it matters when you have a strong narrative to fall back on if you want to maintain investor confidence.

So, when Ark makes statements about Bitcoin we should all take note, as they\u2019re not in the market for unwarranted hyperbole. Well, they remain one of the biggest cheerleaders for Bitcoin within the institutional space. Ark followed up a bullish prediction for Bitcoin\u2019s valuation at the beginning of this year by doubling down on their forecast a few weeks ago: they are expecting a $1 million per coin valuation in the coming years.

In an interview with Bloomberg earlier this month, Ark stated Bitcoin is in \u201can arms race\u201d against traditional finance and asset classes. Ark is confident of Bitcoin\u2019s ability to be at the heart of a revolution in money given its multiple use cases. Seeing as their fund has tracked the performance of the S&P500 over the past few years, despite it being an extended and brutal bear market for tech stocks, you wouldn\u2019t bet against them getting this call right.