Overview

• Speaking on The Master Investor podcast with Wilfred Frost, the ARK Invest CEO said Bitcoin will remain the largest cryptocurrency and called it the pure form of crypto.
• Wood framed Bitcoin as a rules-based monetary system with a fixed 21 million supply and the only Layer 1 blockchain she says has never been hacked.
• She said ARK maintains exposure to both assets but recently increased Ethereum-related positioning by purchasing shares of BitMine to gain indirect ecosystem exposure.
• Wood warned that Ethereum faces congestion and rising competition from Layer-2 networks, which she argues complicates its path to serving as a global monetary base.
• Addressing contrasting views from Fundstrat’s Tom Lee, she described their difference over Ethereum possibly overtaking Bitcoin as a friendly philosophical disagreement.