ARK Invest Scoops Up Bargain-Priced Crypto Stocks Amidst Market Volatility

Cathie Wood's ARK Invest continues to scoop up bargain-priced crypto stocks, including Coinbase and Circle. Wood is bullish on cryptocurrencies, predicting Bitcoin will surge to as high as $1.25 million over the next five years, and Ether will soar to $160,000-$180,000 within six years.

Coinbase, a leading cryptocurrency exchange, has seen its stock decline nearly 40% in the past year due to macro headwinds. However, analysts expect its revenue and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) to grow at compound annual growth rates of 19% and 63%, respectively, from 2026 to 2028.

Circle, the company behind USD Coin, has also seen a decline in its stock price. However, the company is expected to benefit from the growing adoption of stablecoins and rising interest rates boosting reserve income yields.