After Cathie Wood’s Ark Funds have all fallen by over a half, biblical flood-survivor Noah expressed relief.
‘Thank goodness I didn’t use Cathie Wood’s Ark for my biblical animal-saving.
Ark diminishes everything you put into by over 50%,’ said the biblical wiseman.
‘The Animals would go in by-two by-two, and they would come out by-one by-one.’
He then looked at the charts and realized that Ark’s flagship Innovation Fund had dropped by over 75% since its 2021 highs.
Or, he said, correcting himself, ‘the animals might come out by-quarters by-quarters.’
And because Ark just bought 2.9m of flagging Coinbase, he continued, ‘I wouldn’t be at all surprised if no animals came out at all.’
When asked, self-publicist Cathie Wood was available for comment.
When asked, Planet Crypto wasn’t available to report.