Cathie Wood Says Crypto's Big Moment Could Land On America's 250th Birthday

• Cathie Wood said on Friday that optimism around America’s 250th Independence Day and potential progress on the CLARITY Act could be a “boon” for crypto.
• ARK has expanded exposure to crypto infrastructure and stablecoin firms, including Circle.
• Wood said Tesla remains ARK’s largest ETF holding, while SpaceX is among the biggest positions in its Venture Fund ahead of what could become the largest IPO in history.

ARK Invest CEO and CIO Cathie Wood said on Friday that growing optimism around the US crypto industry ahead of America’s 250th Independence Day celebration could receive another boost if lawmakers advance the Clarity Act around the same time.

“As July 4 gets closer, it’s our 250-year birthday party,” Wood said during ARK Invest’s monthly In The Know, adding that there will be “lots of optimism around that time.” Wood added that if the CLARITY Act passes, “that will be a boon for the crypto asset ecosystem.” 

The comments came as Wood pointed to regulatory momentum in the United States after months of uncertainty around digital asset oversight and the CLARITY Act markup. 

Wood also said Bitcoin (BTC) was continuing to gain relative to gold. She added that if ARK’s outlook on the US dollar proves correct, “gold should continue to fall, and Bitcoin continue to increase.”

Explaining that outlook, Wood said that while many investors expect the US dollar to weaken because of rising deficits and debt, deregulation, tax cuts, and a more business-friendly policy environment in the country were creating a “new financial world order,” which she said could improve returns on invested capital in the country.

Bitcoin’s price was up over 2% during the past 24 hours, trading at $80,332. On Stocktwits, the retail sentiment around BTC remained in the ‘bullish’ zone, while chatter around it moved to ‘normal’ from ‘high’ levels over the past day.

A New Financial World Order

In a separate Bloomberg interview on Friday, Wood said ongoing deregulation efforts in the US were reshaping the country’s position in digital assets, financial technology, and capital markets.

Wood said the US had previously been “at risk of losing the crypto revolution,” but now “has a shot” as policy conditions shift. Wood linked those broader policy changes to ARK’s investment positioning across artificial intelligence (AI), digital assets, and infrastructure-driven technologies.

The investment firm has continued to expand its exposure to crypto infrastructure and stablecoin-related companies, including Circle (CRCL), as institutional interest in tokenized finance and digital payments grows.

Circle’s stock was up by 2% during after-hours trading. On Stocktwits, the retail sentiment around CRCL remained in the ‘bullish’ zone, while chatter around it stayed ‘extremely high’ over the past day.

ARK’s broader positioning also reflects its continued focus on Elon Musk-led companies and infrastructure-driven technologies tied to automation and artificial intelligence. Tesla remains the largest holding in ARK’s flagship ARK Innovation exchange-traded fund (ETF), accounting for over 10% of the portfolio, while SpaceX is also among the largest positions in ARK’s Venture Fund.

Bets Big On SpaceX

In the interview, Wood also added Tesla’s (TSLA) vertically integrated structure gives the company one of the lowest cost positions in the automotive industry, while its autonomous driving platform could significantly lower transportation costs at a robo-taxis scale. She went ahead to predict that SpaceX’s biggest business would not be rockets but building data centers in space. 

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