Grayscale Is the ‘Cash Cow’ of Silbert’s Empire, Ark’s Wood Says
- Digital Currency Group will ‘hold onto’ Grayscale, she said
- Wood sticks by her forecast of Bitcoin to $1 million by 2030
Catherine Wood
Photographer: Eva Marie Uzcategui/BloombergThis article is for subscribers only.
Digital-asset manager Grayscale Investments is now the crown jewel of Barry Silbert’s once-$10 billion Digital Currency Group conglomerate, in the eyes of Ark Investment Management’s Cathie Wood.
“We know that the Grayscale Investment trusts are the most valuable part of that company right now, and they’re cash cows,” Wood said in a Bloomberg Television and Radio interview on Tuesday. “We think they’re going to try and hold onto that if nothing else.”