Cathie Wood prefers SpaceX over Bitcoin
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- ARK Invest CEO Cathie Wood said SpaceX is her favourite investment.
- Wood said she still expects Bitcoin (CRYPTO:BTC) to perform well over the long term.
- SpaceX remains privately owned and is not listed on a public stock exchange.
ARK Invest CEO Cathie Wood said SpaceX is her favourite investment, ahead of Bitcoin (CRYPTO:BTC).
Wood said she believes private companies can deliver strong long-term growth because they are not exposed to the same short-term market pressures as listed firms.
Wood also said she remains optimistic about Bitcoin and continues to expect strong long-term performance.
SpaceX is a privately owned aerospace company founded by Elon Musk and is not available for public trading.
SpaceX develops reusable rockets and operates the Starlink satellite internet network, while Bitcoin is the world's largest cryptocurrency by market value.
ARK Invest has long invested in both private technology companies and digital assets as part of its investment strategy.
At the time of reporting, Bitcoin price was $65,603.71.
