Ark Invest CEO Cathie Wood, one of the biggest Bitcoin bulls, made statements regarding a new altcoin.
Speaking on the Master Investor podcast recently, Cathie Wood talked about the altcoin called Hyperliquid (HYPE).
Wood stated that Hyperliquid reminded him of Solana's early days and called it “the new star of the block.”
Wood emphasized that Solana has proven its value and entered the mainstream blockchain category, and pointed out that Hyperliquid also has this potential.
“The trajectory of Hyperliquid is exciting.
It reminds me of the early Solana, and Solana has proven his worth and, you know, he continues with the great players.”
We Hold the Big Three Cryptos: Bitcoin, Ethereum, Solana
Stating that ARK Invest currently holds three major cryptocurrencies in its public funds, Wood said that these are “Bitcoin (BTC), Ethereum (ETH) and Solana (SOL).”
Wood said the firm held indirectly control of Solana through its Breera Sports project, which is linked to the Solana treasury and backed by Middle Eastern investors.
On this point, Wood added that ARK Invest's strategy is deliberately narrow-scoped.
“We don't think there will be many cryptocurrencies in the future.
When it comes to pure crypto, Bitcoin dominates the cryptocurrency space.
Ethereum has empowered decentralized finance, while Solana has proven its scalability resilience.
If you're talking about the big guys, these are the big three right now.”
Finally, Wood did not reveal whether they have made any investments in HYPE, although he believes Hyperliquid has a future, but he did note that competition among decentralized exchanges is intensifying.
*This is not investment advice.