
Cathie Wood's PyPL investment focus is centered around PayPal, a fintech giant with a strong track record of innovation.
PyPL is a key metric for Cathie Wood, measuring the number of active PayPal accounts, which has consistently shown growth over the years.
Wood's faith in PayPal is rooted in its ability to adapt to changing consumer behaviors, such as the shift to online payments.
PayPal's revenue has seen a steady increase, with the company's net payment volume reaching $936 billion in 2020.
Cathie Wood's Investment Strategy
Cathie Wood is convinced that Bitcoin's value will continue to increase due to its underlying strength, not speculation or hype.
She believes the biggest sign of Bitcoin's growth is that businesses are taking it seriously, with some companies adding Bitcoin to their balance sheets as cash.
Square, a revolutionary merchant services disruptor, has already done this, and even PayPal launched crypto buying and selling services in late 2020.
If all S&P 500 companies allocate just one percent of their cash to Bitcoin, the price will hit approximately $40,000.
You might like: Will Pypl Stock Recover
Cathie Wood's Views on Bitcoin
Cathie Wood believes the price of Bitcoin will continue to increase due to its underlying strength, not just speculation and hype.
She points out that businesses are starting to take Bitcoin seriously, with some adding it to their balance sheets as cash.
Square, a revolutionary merchant services disruptor, is one notable company that's on board.
Even PayPal, a well-established payment platform, launched crypto buying and selling services in late 2020.
Wood thinks this trend will continue, and if all S&P 500 companies allocate just one percent of their cash to Bitcoin, the price will hit approximately $40,000.
Additional reading: Pypl Price
Cathie Wood's Investment in PayPal
Cathie Wood added 100,167 PayPal shares to the Ark Fintech Innovation ETF on May 23.
Despite an 80% drop in PayPal’s value since its peak in July 2021, Wood remains positive about the company.
The additional shares increase the ETF’s total PayPal count to approximately 1.45 million, making it one of the largest holdings in the fund.
Wood sees potential in the firm’s ongoing competition with rivals like Block and Mastercard.
An investment outflow totaling $2.2 billion has occurred over the past year, likely due to dissatisfaction among Woods’ clients.
You might enjoy: Paypal Shares Outstanding
Cathie Wood's Support for Cash App
Cathie Wood, a well-known Bitcoin bull, has expressed her confidence in Cash App's long-term growth.
Wood believes Cash App has taken an organic growth approach, contrasting with Venmo's more frantic approach to Bitcoin.
This approach, combined with Block's focus on the digital asset via the layer 2 Lightning network, gives Wood confidence in Cash App's future success.
Wood chose to consolidate her portfolio in a risk-off period, selecting Block over PayPal.
She stated that her team puts their bets on the companies they believe will be the winners, and Cash App was one of those picks.
Cathie Wood's Investment Bets
Cathie Wood has a knack for making bold investment bets, and her recent move on PayPal is no exception.
She added 100,167 PayPal shares to the Ark Fintech Innovation ETF on May 23, increasing the ETF's total PayPal count to approximately 1.45 million shares.
This makes PayPal one of the largest holdings in the fund, a testament to Wood's confidence in the company's potential for long-term growth.
Despite PayPal's 80% drop in value since its peak in July 2021, Wood remains optimistic about the company's prospects, citing ongoing competition with rivals like Block and Mastercard.
Her investment decisions are often guided by her own research and analysis, which has led to some notable successes in the past.
Frequently Asked Questions
What stock did Cathie Wood just buy?
Cathie Wood added to her stakes in Advanced Micro Devices (AMD), Iridium (IRDM), and Tempus AI (TEM) on Friday. These stocks are trading lower in 2024, making her moves worth a closer look.
What is Cathie Wood's Bitcoin price prediction?
Cathie Wood predicts a high of $3.8 million for Bitcoin by 2030. This ambitious forecast suggests significant growth potential for the cryptocurrency in the coming years.
What price did Cathie Wood buy Bitcoin?
Cathie Wood's firm first invested in Bitcoin at a price of $250 in 2015. This marked a significant milestone in Bitcoin's adoption by a major asset manager.
Sources
- https://cointelegraph.com/news/cathie-wood-s-ark-invest-dumps-paypal-favoring-bitcoin-friendly-cash-app
- https://www.killerstartups.com/cathie-wood-invests-in-struggling-paypal/
- https://tickersymbolyou.com/cathie-wood-bets-big-on-sq-pypl/
- https://cryptopotato.com/cathie-woods-ark-invest-bets-big-on-cash-app-dumps-paypal/
- https://financhill.com/blog/investing/cathie-wood-bitcoin-prediction
Featured Images: pexels.com