Cathie Wood: Sovereign wealth funds begin to allocate Bitcoin, and the proportion of institutions in futures open contracts has risen to about 63%

Odaily News Cathie Wood, founder, CEO and chief investment officer of Ark Invest, said in an interview with Bloomberg that DeepSeek's model may attract more companies to join the camp of open source AI, thereby breaking the existing market structure and forming a new competitive situation. Cryptocurrency is the next Internet revolution and is currently witnessing a triple paradigm shift: first, the proportion of institutions in open interest in Bitcoin futures has risen from 17% in 2020 to 63%; second, sovereign wealth funds have begun to allocate, and the Norwegian Oil Fund disclosed last month that it holds 42,000 BTC. Most importantly, Bitcoin is becoming a balance sheet tool for technology companies-MicroStrategy holds 214,000, and Tesla also has strategic reserves.