Cathie Wood Agrees Circle IPO Is ‘Crypto’s ChatGPT Moment’ — Warns Institutions That Ignoring The AI-Crypto Combo ‘Just Isn’t An Option’
ARK Invest CEO Cathie Wood agrees with Fundstrat Global Advisors Head of Research Tom Lee and has likened the Circle (NYSE:CRL) IPO to a pivotal moment in the crypto industry, suggesting that institutional investors can no longer ignore the convergence of artificial intelligence and blockchain.
What Happened: In a Tuesday interview with BanklessHQ, Wood drew parallels between the Circle IPO and the ‘ChatGPT moment’ in the crypto industry. “I heard Tom Lee describe the Circle IPO as the ChatGPT moment and I understand it, Wood said.”
She highlighted that the IPO has sparked a significant shift in the attitude of institutional investors towards the crypto space.
“Before, trying to convince institutional investors about crypto felt pointless. But now, they’re seriously digging into it — because missing out on something as big as the AI-and-crypto combo just isn’t an option,” Wood said.
She also credited the IPO for bringing about a change in …
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