Holding #Bitcoin has been profitable for over 99% of its exi | CrypticNews Hub on Binance Square

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Holding #Bitcoin has been profitable for over 99% of its existence, relative to the current price.
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Will Tesla $TSLA save Cathie Wood? Since its decline in April 2024, the EV giant has surged by nearly 75%, and now comprises 15% of the ARK Innovation ETF $ARKK (as of July 12). Cathie Wood typically limits the fund's stake in stocks to 10%, and while she has reduced this position in recent weeks, Tesla remains a significant part of the portfolio. Despite this, ARKK continues to disappoint investors: it has posted a year-to-date return of -7%, trailing the S&P 500 $SPX by 18%. Over the past 5 years, the ETF has returned -3%, sharply contrasting with the S&P 500's 86% growth. Many investors once viewed Cathie Wood's fund as the "next big thing" following its 150% surge in 2020. The result? According to Morningstar data, the ARK Innovation ETF has destroyed $7.1 billion in wealth, resulting in a $14 billion loss for Ark Invest ETFs overall.

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