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Here's What One of the Smartest Investors on the Planet is Saying About Bitcoin Right Now

TheMotleyFool

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Here's What One of the Smartest Investors on the Planet is Saying About Bitcoin Right Now: https://g.foolcdn.com/editorial/images/719791/gold-coin-with-bitcoin-symbol-on-it-cryptocurrency-btc.jpg

Every month, Cathie Wood and her team at Ark Invest release a report on the state of Bitcoin (CRYPTO: BTC). You could think of it as a monthly earnings report that analyzes the fundamentals of the Bitcoin blockchain and other macroeconomic factors that affect its price.

The reports are retrospective and analyze the previous month, so the most recent one looked into Bitcoin's metrics in January.

With the token's price increasing by nearly 40%, its best month since October 2021, there was no shortage of action taking place on the blockchain. Here's a condensed version of what Ark analysts think about its current position.

Source Fool.com

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