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

Ark Invest founder, CEO and Chief Investment Officer Cathie Wood said in an interview with Bloomberg that the model of DeepSeek could attract more companies to join the open-source AI camp, thereby breaking the existing market structure and forming a new competitive situation. Cryptocurrency is the next internet revolution, currently witnessing a triple paradigm shift: First, institutional holdings in Bitcoin futures' open contracts rose from 17% in 2020 to 63%; secondly sovereign wealth funds began allocating; Norway's oil fund disclosed last month it held 42,000 BTC. Most importantly, Bitcoin is becoming a balance sheet tool for tech companies; MicroStrategy holds 214000 Bitcoins and Tesla also has strategic reserves.