Cryptocurrency News

Cathie Wood’s Ark Invest dumps PayPal, favoring Bitcoin-friendly Cash App

04/12/2022

Less than a minute

2022.04.12 10:41

Cathie Wood’s Ark Invest dumps PayPal, favoring Bitcoin-friendly Cash App

Crypto investment company Ark Invest founder Cathie Wood has dumped all of the firm’s holdings of PayPal (NASDAQ:PYPL) and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin (BTC) Lightning Network.

Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up on Saturday.

04/12/2022

Less than a minute

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