Cathie Wood says she owns more than $7 million in bitcoin after buying at $250.

Cathie Wood is sitting on over $7 million worth of bitcoin after buying the cryptocurrency when it was trading at just $250, the Ark Invest founder revealed in a podcast interview.

Wood bought $100,000 worth of bitcoin on the advice of Reagan-era economist Arthur Laffer, she told Peter McCormack on the What Bitcoin Did podcast last week.

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