Cathie Wood Agrees Circle IPO Is 'Crypto's ChatGPT Moment' — Warns Institutions That Ignoring The AI-Crypto Combo 'Just Isn't An Option'
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ARK Invest CEO Cathie Wood has likened the Circle CRL IPO to a pivotal moment in the crypto industry, similar to the ‘ChatGPT moment’. She emphasized that institutional investors can no longer ignore the convergence of AI and blockchain, as the IPO has sparked significant interest and a shift in attitudes towards crypto. Wood noted that the IPO has also influenced the regulatory landscape, coinciding with the Senate's passage of the GENIUS Act for stablecoins. Circle's shares surged 92% since its NYSE debut, marking a significant event in the crypto space.
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