Cathie Wood sells Bitcoin, buys $5.2 million of sinking stock

Cathie Wood is dumping millions in Bitcoin to bet on Circle, even as analysts warn the stablecoin giant is massively overvalued. While Bitcoin struggles below $80,000, ARK Invest sold $15.9 million of its Bitcoin ETF to load up on a stock that Mizuho predicts could crash by nearly 50% due to AI competition. Is Wood losing her conviction in the "digital gold" narrative, or is she making a genius move by pivoting to infrastructure during a dip? What’s your take on this rotation?
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