to Bitcoin, ARK has a clear profit motive in promoting the green credentials of crypto and its view isn’t widely accepted by other researchers.
Square Inc., which Wood cited in a Twitter post as collaborating on the research, has been buying Bitcoin and says crypto is a growing part of its business through the use of its Cash App for Bitcoin transactions.
Bitcoin has slumped since touching an all-time high of almost $65,000 ahead of the Coinbase listing, and was trading at about $55,100 as of 7:35 a.m.
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