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00:00I gotta get your thoughts on on bitcoin right now. What are you thinking. We just got notice that that square about a hundred and seventy million dollars worth of Bitcoin in the most recent quarter. Thoughts on Bitcoin. Yes. Yes we're very positive on Bitcoin. Again very happy to see a healthy correction here. No market is straight up. Everyone should know that everyone should have some dry powder for four days like these. And I've been saying that for a while. We see so many use cases of bitcoin. But yeah obviously the the most important use case is an insurance policy around the world against confiscation of wealth. And that can happen in two ways. It can happen with inflation. Bitcoin I think is the best hedge against inflation out there. Bar none and better than gold. And and it can happen outright. I mean when you saw in the Middle East prince take or sees his own relatives. Well you know everyone should know. If you think there's a 5 percent chance of that happening you should put 5 percent of your portfolio long term into or your wealth into something like Bitcoin and carry the keys in your head across the border. Right. You think about right in terms of what that that allows you hate your big ideas for 20 21. We've been talking a lot off air ourselves 112 pages. It's on the Web site. What are the big ideas Kathy that we need to be thinking about for 20 21. Well the new ideas you know big ideas are not just one idea. So we've we've updated our deep learning digital wallets bitcoins Eby ride hailing. Some of the things with are drone work our sequencing read sequencing. Our new our new section are called Reinventing the Data Center. We think Intel's going to lose it's going to lose most of its share in the data center and that's its most profitable division. Virtual world. So gaming and forced gambling gaming becoming moving away from just the pure gaming world but with platforms like Unity and Unreal networks like Epic. We're going to be bringing virtual worlds into everyday business of course and virtual reality augmented reality. We are getting to the point where that is viable for virtual aerospace is another one the space race. We're very excited by that.

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ARK ‘Very Positive’ on Bitcoin: Cathie Wood

Ark Investment Management founder and Chief Executive Officer Cathie Wood discusses her call on Bitcoin. She speaks on “Bloomberg Businessweek.” (Source: Bloomberg)

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