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<ul class="summary-list"><li><keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">Bitcoin</keyword> energy consumption concerns have only boosted the move to renewable mining and solar power: <keyword id="10473418" type="UNKNOWN" weightage="60" keywordseo="cathie-wood">Cathie Wood</keyword>.</li><li><keyword id="4513420" type="PERSON" weightage="60" keywordseo="ark-invest">ARK Invest</keyword>'s <keyword id="11407465" type="UNKNOWN" weightage="60" keywordseo="yassine-elmandjra">Yassine Elmandjra</keyword> broke down why the firm believes bitcoin is a positive for renewables in a webinar on Tuesday.</li><li>Elmandjra produced a chart that claimed bitcoin usage in a solar-battery system would allow renewables to provide 99% of total grid needs.</li></ul>Cathie Wood thinks recent environmental, social, and governance (ESG) concerns surrounding bitcoin's energy usage will only help boost the adoption of renewable mining and solar power.In an ARK Invest webinar on Tuesday, the famed fund manager said that the controversy was "a good thing" and reiterated previous claims about bitcoin's energy use being a net positive for the adoption of renewable energy."Half of the solution is understanding the 'problem,'" Wood said. "I think that we're probably going to see the scaling out of solar because of <keyword id="1660859" type="PERSON" weightage="60" keywordseo="bitcoin-Mining">bitcoin mining</keyword> much faster now than we would have seen without this controversy."The rise in ESG concerns only highlights something Wood and her team believe isn't really an issue. ARK Invest and Jack Dorsey's Square produced <a href="https://assets.ctfassets.net/2d5q1td6cyxq/5mRjc9X5LTXFFihIlTt7QK/e7bcba47217b60423a01a357e036105e/BCEI_White_Paper.pdf">a white paper</a> elaborating their stance in April.The paper, titled "Bitcoin is Key to an Abundant, Clean Energy Future," claimed that bitcoin has "network functions as a unique energy buyer that could enable society to deploy substantially more solar and wind generation capacity."Wood referred to her top crypto analyst, Yassine Elmandjra, for a breakdown of these claims in the Tuesday webinar.Elmandjra said:"With bitcoin mining integrated into a solar-battery system. Energy providers can basically play the arbitrage between electricity prices and bitcoin prices and then sell surplus solar and supply almost all grid power demands without actually lowering the profitability of the system."The analyst produced a graph in the webinar that showed rising renewable energy consumption for the grid as bitcoin miners' solar-battery system expands. "You can see as bitcoin mining scales the solar system increases in size and is, therefore, able to provide a higher percentage of the grid's needs," Elmandjra continued. "So, in the absence of bitcoin mining, you can see that renewables can satisfy only 20% of the grid's needs and then in the top right of the chart, by including bitcoin, renewables can satisfy up to 99% of the grid's energy needs."The analyst discussed recent developments in renewable energy bitcoin mining and solar expansion, saying that ARK has received "a lot of inbound" from companies looking to build out "this exact system."Despite ARK Invest's claims about a solar future brought about by bitcoin mining, many critics remain. According to <a href="https://www.jbs.cam.ac.uk/faculty-research/centres/alternative-finance/publications/3rd-global-cryptoasset-benchmarking-study/">data from Cambridge</a>, roughly 39% of proof-of-work mining is currently powered by renewables, and the entire bitcoin network uses more energy every year than all of the Netherlands. Stats like this have led critics like the Nobel Laureate Paul Krugman to bash bitcoin for its environmental impact, among other things.In an article titled "Tecnobable, Libertarian Derp, and Bitcoin," Krugman called the cryptocurrency "a natural Ponzi scheme." However, the noted economist added that these types of schemes can "last for decades."Krugman was widely bashed for his opinion column discussing bitcoin. With Twitter users pointing out the economist once said, "by 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."

Cathie Wood says recent energy-use concerns surrounding bitcoin will help boost the adoption of renewable mining and solar power

<ul class="summary-list"><li><keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">Bitcoin</keyword> could top $1 million per coin by 2030, according to <keyword id="11893881" type="UNKNOWN" weightage="60" keywordseo="cathie-wood" source="Orion">Cathie Wood</keyword>'s <keyword id="11898779" type="UNKNOWN" weightage="60" keywordseo="ark-invest" source="Orion">Ark Invest</keyword>.</li><li>Network upgrades, and growing adoption by countries and institutions are factors that could help it flourish, the firm's research showed.</li><li>Bitcoin mining will encourage and generate cleaner solutions, Ark said.</li></ul>Famed stock-picker Cathie Wood's Ark Invest has another bold prediction for where <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> is headed, even as the price struggles at multi-month lows.Bitcoin's price could exceed $1 million by 2030 as investors remain focused on its long-term value, according to the investment firm.The top cryptocurrency's market capitalization is still only a fraction of total global asset values, and is likely to scale as other countries follow <a href="https://www.businessinsider.com/el-salvador-makes-bitcoin-legal-tender-2021-9">El Salvador in adopting it as legal tender</a>, Ark analyst Yassine Elmandjra wrote in the firm's <a href="https://research.ark-invest.com/hubfs/1_Download_Files_ARK-Invest/White_Papers/ARK_BigIdeas2022.pdf?hsCtaTracking=217bbc93-a71a-4c2b-9959-0842b6fe301c%7C2653a4d0-af35-42f0-853a-c5f90f002abb">Big Ideas report</a> published Tuesday."According to our estimates, the price of one bitcoin could exceed $1 million by 2030," he said.Bitcoin has taken a bit of a beating in recent days, sinking to a six-month low of around $33,000, <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-altcoins-crypto-markets-recovery-blockchain-ethereum-solana-cosmos-2022-1">on expectations of tighter Federal Reserve policy</a>. It was trading at $37,926 in European morning trading on Tuesday, and is down 18% so far in January, according to <a href="https://www.coingecko.com/en/coins/bitcoin?__cf_chl_jschl_tk__=eR7U8uzJwMPyvElVf_fT_pSJLWkTWKcOsOkElAh2Fuw-1641461259-0-gaNycGzNCeU">CoinGecko data</a>.According to Ark's research, information on blockchain networks shows at least 13.5 million bitcoins haven't been moved in more than 155 days, suggesting a long-term holding behavior pattern.Moreover, bitcoin's annual settlement volume has surpassed Visa's, with more than $13.1 trillion of value being settled on the network in 2021.Other developments that could encourage wider use of bitcoin are the <a href="https://markets.businessinsider.com/news/currencies/bitcoin-taproot-upgrade-segwit-bip-network-november-btc-2021-11">Taproot upgrade</a>, the first change to its protocol since July 2017, and the transaction speed-boosting <a href="https://markets.businessinsider.com/news/currencies/the-lightning-network-is-driving-mainstream-bitcoin-adoption-2021-8">Lightning Network</a>, Ark said.Bitcoin attraction among institutions is also broadening among players including Grayscale, Block.one, <a href="https://markets.businessinsider.com/stocks/mstr-stock">MicroStrategy</a>, and <a href="https://markets.businessinsider.com/stocks/tsla-stock">Tesla</a> after the arrival of more regulated products and corporate adoption, the research showed. 8% of bitcoin's circulating supply is now held by exchange-traded products, corporations, and nation-states, <a href="https://twitter.com/yassineARK/status/1486067712757534723">according to the analyst</a>.Separately, the investment firm believes that the conversation on bitcoin's negative environmental impact seems ill-informed.<a href="https://www.businessinsider.com/bitcoin-mining">Bitcoin mining</a>, the system that adds new coins to the blockchain, could actually <a href="https://twitter.com/yassineARK/status/1486067738015588354">benefit the energy industry</a> as it incentivizes cleaner solutions, Ark said.Bitcoin mining machines around the world <a href="https://www.businessinsider.com/energy-consumption-of-nft-cryptocurrency-mining-and-sustainable-alternatives-2021-7">reportedly</a> consume as much power per year as Bangladesh, a country of over 160 million people. This apparent toll on sustainability has often stirred debate about owning and trading <keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">cryptocurrencies</keyword>.Billionaire Bill Gates, an outspoken climate change advocate, has <a href="https://www.businessinsider.com/microsoft-tesla-elon-musk-cryptocurrency-climate-change-damage-economist-roubini-2021-3">criticized bitcoin's environmental impact</a>, saying it uses "more electricity per transaction than any other method known to mankind."But to Ark's Elmandjra, bitcoin is the asset most compatible with ESG (Environmental, Social, and Corporate Governance) norms."Our research suggests that bitcoin has the potential to transform monetary history by providing financial freedom and empowerment in a fair, global, and distributed way," Elmandjra wrote.In September, Cathie Wood predicted <a href="https://markets.businessinsider.com/news/currencies/cathie-wood-bitcoin-price-prediction-jump-500000-ether-confidence-high-2021-9">bitcoin will soar to $500,000</a> in five years. She also touted a 60-40 bitcoin-to-<a href="https://markets.businessinsider.com/currencies/eth-usd">ether</a> <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> portfolio. Read More: <a href="https://www.businessinsider.com/crypto-tax-2021-strategies-tips-blockchain-executive-and-accountant-2022-1">4 crypto tax-avoidance strategies that can build long-term wealth: A blockchain executive and crypto accountant break down ways of getting your crypto tax to zero</a>

Cathie Wood's Ark Invest says the price of a single bitcoin could top $1 million in just another 8 years

<ul><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword>'s concern about <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword>'s energy consumption is "misguided," <keyword id="4513420" type="PERSON" weightage="60" keywordseo="ark-invest">Ark Invest</keyword> said in a Monday note.</li><li>Musk raised concerns about bitcoin's energy consumption being derived from sources like coal over the weekend.</li><li>Bitcoin has fallen 19% since Musk said Tesla would no longer accept bitcoin as a form of payment.</li><li id="recirc"><a href="https://newsletter.businessinsider.com/join/4np/10-things-opening-bell?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingest" target="_blank" rel="noopener">Sign up here for our daily newsletter, 10 Things Before the Opening Bell</a>.</li></ul>Elon Musk's concern that <a href="https://markets.businessinsider.com/currencies/btc-usd">bitcoin</a> primarily relies on fossil fuels for its energy needs is "misguided," Ark Invest analyst Yassine Elmandjra said in a Monday note. Musk had caused a stir in the cryptocurrency space over the past week, beginning with his announcement that <a href="https://www.businessinsider.com/tesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-5">Tesla would no longer be accepting bitcoin as a form of payment,</a> and ending with a weekend tweet-spree that <a href="https://markets.businessinsider.com/currencies/news/elon-musk-bitcoin-environment-tesla-crypto-bulls-trolling-2021-5-1030435658">cast doubt over his bullishness on the cryptocurrency.</a>Since then, bitcoin fell to a new cycle low of $42,000, and is down 32% from its record high. The cryptocurrency did stage a brief bounce after Musk clarified that Tesla had not sold its more than $1 billion bitcoin position it bought in January.But Ark Invest believes bitcoin can accelerate a green-energy revolution and become "a net positive for the environment," the note said.Bitcoin mining "could impact the amount of renewable energy provisioned to the grid by transforming intermittent power resources into baseload generation by way of energy storage... renewables would be able to satisfy only 40% of the grid's needs in the absence of Bitcoin mining but 99% with the commercial 'subsidies' associated with Bitcoin mining," Elmandjra explained.The analysis echoes <a href="https://markets.businessinsider.com/currencies/news/bitcoin-mining-jack-dorsey-cathie-wood-square-ark-invest-research-2021-4-1030332261">a whitepaper published by ARK Invest and Square</a> last month, that suggested renewable energy adoption would increase because of bitcoin mining. That analysis prompted Musk to reply <a href="https://twitter.com/elonmusk/status/1385107878055317509">"True,"</a> which is why his recent about-face on bitcoin's energy consumption concerns caught many by surprise. Read more: <a href="https://www.businessinsider.com/crypto-trading-investing-tips-crypto-tokens-hodling-trader-scott-melker-2021-5" target="_blank" rel="noopener">'Wolf of All Streets' crypto trader Scott Melker breaks down his strategy for making money using 'HODLing' and 100-times trade opportunities - and shares 5 under-the-radar tokens he thinks could explode</a><div type="image" title="bitcoin chartts.JPG" height="523" width="665" msid="82715930" hostid="261"></div>

Elon Musk's concerns about bitcoin's energy consumption are misguided, Ark Invest says

<ul class="summary-list"></ul>No asset class has evoked shock and awe across financial <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> this year in the way that <a href="https://www.businessinsider.com/category/cryptocurrencies">cryptocurrencies</a> have. The relatively nascent market pushed the boundaries of what investors had thought was possible. From the record $69 million sale of a <a href="https://www.businessinsider.com/beeple-response-to-nft-selling-for-69-million-reaction-video-2021-3">non-fungible token</a> to the explosive gains of memecoins, investors have had to quickly smarten up on the space. To help you get even smarter and distinguish the real opportunities from the noise, Business Insider will host 'What's next for <keyword id="2721952" type="PERSON" weightage="60" keywordseo="crypto">crypto</keyword>?" a <keyword id="2850172" type="PERSON" weightage="60" keywordseo="webinar">webinar</keyword> on Thursday, July 15 at 2 p.m. ET. Join Insider's senior <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">investing</keyword> reporter Vicky Huang, and senior investing editor Akin Oyedele, in conversation with Yassine Elmandjra, the blockchain and cryptoasset analyst at Ark Invest; David Grider, the head of digital assets research at Fundstrat; and Ria Bhutoria, the principal at Castle Island Ventures.The panel of these three <a href="https://www.businessinsider.com/crypto-investing-outlook-advice-top-wall-street-analysts-bitcoin-ethereum-2021-5">experts</a> will discuss topics including: <ul><li>Investing ideas, opportunities, and use cases in crypto broadly and in specific tokens or coins.</li><li>Whether the bull market in <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> is over for this cycle, and what may happen next following the largest crypto's plunge from its all-time highs.</li><li>The prospects for wider and deeper adoption of crypto by institutional asset managers. </li><li>Price targets for bitcoin, ether, and other major <keyword id="2420795" type="PERSON" weightage="60" keywordseo="cryptocurrencies">cryptocurrencies</keyword>, including breakdowns of the theses that back them up.</li><li>And, the debate around bitcoin's environmental impact.</li></ul>The webinar will touch on other major developments in the volatile and evolving space. <h2>Join us on July 15 at 2 p.m. ET/11 a.m. PT for the live conversation. <a href="https://www.businessinsider.com/crypto-webinar-analysts-share-their-outlooks-investing-opportunities-2021-6">You can register here if you're an Insider subscriber. </a></h2>

JOIN US JULY 15: Crypto experts from Ark Invest and more share their industry outlooks and the biggest opportunities they're pursuing

<ul class="summary-list"><li><keyword id="6355315" type="UNKNOWN" weightage="60" keywordseo="elon-musk">Elon Musk</keyword>'s abrupt reversal on <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword> conflicts with <keyword id="10473418" type="UNKNOWN" weightage="60" keywordseo="cathie-wood">Cathie Wood</keyword>'s <keyword id="4513420" type="PERSON" weightage="60" keywordseo="ark-invest">Ark Invest</keyword>, which said bitcoin mining is environmentally positive.</li><li>Musk on Wednesday evening announced he is <a href="https://www.businessinsider.com/tesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-5">suspending the purchase of Tesla vehicles using bitcoin</a>, citing environmental concerns.</li><li>Three out of six of Wood's ETFs count Tesla as their top holding. </li></ul>Elon Musk's abrupt reversal on bitcoin Wednesday evening conflicts not only with his previous stance by holding bitcoin himself and investing for Tesla but also with research from Cathie Wood's Ark Invest. The star stock picker's firm in April argued that mining bitcoin is actually environmentally beneficial.Mining cryptocurrencies, bitcoin included, can increase the overall share of renewable energy provision to the grid, <a href="https://wintonark.medium.com/bitcoin-mining-impact-on-renewable-uptake-fc91c5aa9be0" target="_blank" title="Link" rel="nofollow noopener nofollow sponsored">according to an April post</a> from Ark research director Brett Winton and co-authors Yassine Elmandjra and Sam Korus, as first reported by <a href="https://www.bloomberg.com/news/articles/2021-04-22/cathie-wood-s-ark-says-bitcoin-mining-is-good-for-the-planet?sref=LspfQlRv">Bloomberg</a>."Bitcoin mining could encourage investment in solar energy systems, enabling renewables to generate a higher percentage of grid power with no change in the cost of electricity," the authors said in the post.Without bitcoin mining, they added, "solar could supply only 40% of grid power before utilities would face the need to fund significant investments with higher electricity prices."Wood doubled down on her stance by <a href="https://twitter.com/CathieDWood/status/1385082685111087104?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1385082685111087104%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2021-04-22%2Fcathie-wood-s-ark-says-bitcoin-mining-is-good-for-the-planetanet">tweeting</a> to her nearly 900,000 followers in April that she is collaborating with Square to debunk the idea that bitcoin mining is detrimental to the environment. Musk on Wednesday evening announced he is <a href="https://www.businessinsider.com/tesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-5">suspending the purchase of Tesla vehicles using bitcoin</a>, citing environmental concerns."We are concerned about the rapidly increasing use of fossil fuels for bitcoin mining and transactions, especially coal, which has the worst emissions of any fuel," Musk said <a href="https://twitter.com/elonmusk/status/1392602041025843203?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1392602041025843203%7Ctwgr%5E%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fwww.businessinsider.com%2Ftesla-bans-bitcoin-payments-due-to-impact-on-environment-2021-521-5">in a tweet.</a>Musk did clarify that Tesla will not sell its bitcoin holdings, and instead, will use the digital currency for transactions as soon as "mining transitions to more sustainable energy."But as Bloomberg reported, Ark has a profit motive in promoting the positive environmental impacts of bitcoin. Ark is invested in <a href="https://markets.businessinsider.com/stocks/coin-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Coinbase</a> and <a href="https://markets.businessinsider.com/stocks/sq-stock?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestm=ingest" target="_blank" rel="noopener">Square</a>, companies tied to the success of cryptocurrencies and which have slumped following Musk's announcement. Three out of six of Wood's exchange-traded funds -<a href="https://ark-funds.com/arkk"> Ark Innovation ETF</a>, <a href="https://ark-funds.com/arkq">ARK Autonomous Technology &amp; Robotics ETF</a>, and <a href="https://ark-funds.com/arkw">ARK Next Generation Internet ETF </a>- count Tesla as their top holding.

Elon Musk's abrupt reversal on bitcoin conflicts with research from Cathie Wood's Ark Invest that argues mining is actually environmentally beneficial

Hello everyone! Welcome to this weekly roundup of <keyword id="35175" type="ORGANIZATION" weightage="60" keywordseo="investing">Investing</keyword> stories from deputy editor Joe Ciolli. Please <a href="http://newsletter.businessinsider.com/join/4np/insider-investing" target="_blank" rel="noopener">subscribe here</a> to get this newsletter in your inbox every week.<a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener"></a>Hello and welcome to Insider Investing. I'm Joe Ciolli, and I'll be shepherding you through what to expect in <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> in the coming weeks, while also featuring some of Insider's best work on the subject.Regular readers may notice that this newsletter has moved from its previous slot early in the week to Sunday afternoon. This will be the new publication time, so please do continue to enjoy!Here's what's on the docket:<ul><li>The <a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener">bull case on crypto, straight from a bitcoin whale</a> who's sunk more than $1 billion of his firm's funds into the digital asset</li><li>2021 <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">outlooks on the economy, bitcoin, and Tesla from Cathie Wood's ARK Invest</a>, which manages 5 ETFs that more than doubled in 2020</li><li>A <a href="https://www.businessinsider.com/investing-strategy-stock-picks-in-biotech-fund-manager-darren-chervitz-2021-1" target="_blank" rel="noopener">guide for picking risky small-cap biotech stocks</a>, straight from a fund manager crushing his peers</li></ul><a href="http://newsletter.businessinsider.com/join/4np/insider-investing" target="_blank" rel="noopener">If you aren't yet a subscriber to Insider Investing, you can sign up here.</a>Have thoughts on the newsletter? Just want to talk markets? Feel free to drop me a line at <a href="mailto:ddefrancesco@businessinsider.com" target="_blank" rel="noopener">jciolli@insider.com</a> or on Twitter <a href="https://twitter.com/JoeCiolli" target="_blank" rel="noopener">@JoeCiolli</a>.<h2>Your weekly outlook</h2>All eyes will be on corporate earnings this coming week, with <a href="https://markets.businessinsider.com/stocks/aapl-stock" target="_blank" rel="noopener">Apple</a>, <a href="https://markets.businessinsider.com/stocks/fb-stock" target="_blank" rel="noopener">Facebook</a>, <a href="https://markets.businessinsider.com/stocks/tsla-stock" target="_blank" rel="noopener">Tesla</a>, and <a href="https://markets.businessinsider.com/stocks/amzn-stock" target="_blank" rel="noopener">Amazon</a> set to report. Given the massive weighting of these <keyword id="6354298" type="DEFINITION" weightage="60" keywordseo="Stocks">stocks</keyword> in major indexes, it's not an exaggeration to say their quarterly results - and, perhaps more importantly, their forward outlooks - will dictate the entire market's direction.The question is the same for these tech titans: Will they be able to keep delivering (and forecasting) stronger-than-expected profit growth? It's something they've been able to do for years, even as estimates have gotten more ambitious. With their valuations sitting at all-time peaks across every imaginable measure, these tech titans are especially vulnerable to any disappointment.But if the latest earnings report for mega-cap tech stalwart <a href="https://markets.businessinsider.com/stocks/tsla-stock" target="_blank" rel="noopener">Netflix</a> - which <a href="https://markets.businessinsider.com/news/stocks/netflix-stock-price-streaming-service-ends-debt-binge-share-buybacks-2021-1-1029985590" target="_blank" rel="noopener">handily blew past estimates for subscriber growth</a> - is any indication, investors may not have much to worry about. In a post-pandemic world where the products and services provided by these companies are still attracting major demand, there's seemingly endless profit-growth opportunity.And as it pertains to Tesla specifically, just ask the legions of scorched short-sellers what it's like to bet against Elon Musk. They <a href="https://markets.businessinsider.com/news/stocks/tesla-short-sellers-lost-39-billion-betting-against-stock-2020-12-1029915087" target="_blank" rel="noopener">lost roughly $39 billion in 2020</a> as Tesla's stock soared 743%. Will the company's earnings give them reason to start shorting again? Tune in Wednesday to find out.<h2><a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener">The bull case for crypto from a CEO that's poured $1 billion into bitcoin</a></h2><div type="image" title="bitcoin" height="1750" width="3500" msid="80440630" hostid="261"></div>Michael Saylor is the chief executive officer of business intelligence and software firm MicroStrategy, which has plowed more than $1 billion of its funds into bitcoin.In a recent "SALT Talks" interview with SkyBridge founder Anthony Scaramucci, Saylor recounted <a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener">how he went from a bitcoin skeptic to its "most important proselytizer."</a> He also shared the eureka moment that changed his beliefs about bitcoin and laid out <a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener">the hurdles that the digital asset still has to jump through</a> to become the "newest institutional safe-haven asset."Read the full story here:<h3><a href="https://www.businessinsider.com/bitcoin-investing-strategy-michael-saylor-explains-billion-dollar-crypto-bet-2021-1" target="_blank" rel="noopener">Michael Saylor has invested over $1 billion of MicroStrategy's funds in Bitcoin. The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset.</a></h3><h2><a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Cathie Wood's ARK Invest shares its 2021 outlook on the economy, bitcoin, and Tesla</a></h2><a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener"><div type="image" title="Cathie Wood" height="1000" width="2000" msid="80440464" hostid="261"></div></a>All of the five active ETFs run by Cathie Wood's ARK Invest returned more than 100% in 2020. This strong performance helped the firm rake in over $20 billion last year and bring its total assets under management to $50 billion, according to Morningstar and Bloomberg data.In a recent markets update, <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Wood shared her 2021 outlook</a>, breaking down why the current bull market is very different from the dot-com bubble. ARK crypto analyst Yassine Elmandjra also detailed <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">a new three-layered framework for valuing bitcoin</a>'s fundamentals, while analyst Tasha Keeney shared her <a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Tesla outlook for 2021</a>.Read the full story here:<h3><a href="https://www.businessinsider.com/cathie-wood-shares-2021-outlooks-on-tesla-economy-bitcoin-ark-2021-1" target="_blank" rel="noopener">Cathie Wood's ARK Invest runs 5 active ETFs that more than doubled in 2020. She and her analysts share their 2021 outlooks on the economy, bitcoin, and Tesla.</a></h3><h2><a href="https://www.businessinsider.com/investing-strategy-stock-picks-in-biotech-fund-manager-darren-chervitz-2021-1" target="_blank" rel="noopener">How to make the biggest gains in the smallest biotech stocks</a></h2><h2><a href="https://www.businessinsider.com/investing-strategy-stock-picks-in-biotech-fund-manager-darren-chervitz-2021-1" target="_blank" rel="noopener"><div type="image" title="traders" height="1024" width="2048" msid="80440465" hostid="261"></div></a></h2>Mutual fund manager Darren Chervitz has delivered returns of 32% a year for five years, investing in the market's smallest stocks. Along the way, he's become an expert in picking biotech stocks.In an exclusive interview, Chervitz told Insider <a href="https://www.businessinsider.com/investing-strategy-stock-picks-in-biotech-fund-manager-darren-chervitz-2021-1" target="_blank" rel="noopener">how he maximizes gains and reduces the risk of failures and blowups</a>.Read the full story here:<h3><a href="https://www.businessinsider.com/investing-strategy-stock-picks-in-biotech-fund-manager-darren-chervitz-2021-1" target="_blank" rel="noopener">Darren Chervitz is crushing other fund managers in one of the riskiest parts of the market: small biotech stocks. He tells us how he scores the biggest gains, minimizes the risk of costly failures, and names his top 2 picks in the space.</a></h3><h2><a href="https://us02web.zoom.us/webinar/register/WN_UC2ncVRCSwe_NidO1cYKoQ" target="_blank" rel="noopener">JOIN OUR LIVE EVENT: Execs reveal what's on tap for the red-hot IPO market in 2021</a></h2>Join Insider on Wednesday, February 3 at 2:30 p.m. ET as Insider's chief finance correspondent Dakin Campbell moderates a panel featuring Kim Posnett, Goldman Sachs partner and Internet investment banking chief, Greg Rodgers, a Latham &amp; Watkins LLP attorney and direct-listings expert, and Mitchell Green, a venture capitalist at Lead Edge Capital who backed Uber, Spotify, Asana, and Alibaba.These IPO experts will discuss what you can expect for the year ahead and how the recent changes have dramatically altered the calculus for startup entrepreneurs. They will also take reader questions. <a href="https://us02web.zoom.us/webinar/register/WN_UC2ncVRCSwe_NidO1cYKoQ" target="_blank" rel="noopener">Register here</a>.<a href="https://us02web.zoom.us/webinar/register/WN_UC2ncVRCSwe_NidO1cYKoQ" target="_blank" rel="noopener"><div type="image" title="uber ipo" height="633" width="1266" msid="80440466" hostid="261"></div></a><h2>Stock pick central</h2>Seeking experts who are willing to name names? Look no further:<ul><li><a href="https://www.businessinsider.com/stock-picks-to-buy-best-profit-growth-reopening-goldman-sachs-2021-1" target="_blank" rel="noopener">GOLDMAN SACHS: Buy these 25 stocks best-positioned to juice profits in 2021 as stimulus and vaccine progress spur economic growth</a></li><li><a href="https://www.businessinsider.com/stock-picks-to-buy-us-semiconductor-sector-growth-outlook-bofa-2021-1" target="_blank" rel="noopener">Bank of America says to buy these 16 semiconductor stocks as the US industry is poised to quadruple its growth rate of the past 3 years</a></li><li><a href="https://www.businessinsider.com/stocks-to-buy-top-9-uk-companies-catalyst-q121-2021-1" target="_blank" rel="noopener">Barclays says buy these 8 conviction stocks set to gain with the reflation trade in 2021 - including one that could rally 76%</a></li><li><a href="https://www.businessinsider.com/stocks-to-buy-picks-high-upside-2021-goldman-sachs-digital-2021-1" target="_blank" rel="noopener">Buy these 12 stocks set to soar at least 30% or more as they benefit from a surge of investment in Europe's digital economy, Goldman says</a></li><li><a href="https://www.businessinsider.com/stocks-to-buy-green-energy-investing-strategy-renewables-revolution-goldman-2021-1" target="_blank" rel="noopener">Goldman Sachs reveals the 8 'green energy majors' that are set to shoot up in value in a sector worth trillions of dollars as the renewables race heats up</a></li></ul>

You Searched For "yassine elmandjra" and got 6 results

Cathie Wood says recent energy-use concerns surrounding bitcoin will help boost the adoption of renewable mining and solar power

Will Daniel

Cathie Wood's Ark Invest says the price of a single bitcoin could top $1 million in just another 8 years

Shalini Nagarajan

Elon Musk's concerns about bitcoin's energy consumption are misguided, Ark Invest says

Matthew Fox

JOIN US JULY 15: Crypto experts from Ark Invest and more share their industry outlooks and the biggest opportunities they're pursuing

Business Insider

Elon Musk's abrupt reversal on bitcoin conflicts with research from Cathie Wood's Ark Invest that argues mining is actually environmentally beneficial

Isabelle Lee

The bull case for bitcoin, straight from a crypto whale

Joe Ciolli

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