Renowned stock investor Katie Wood, who manages the Ark Invest funds she founded, is a big fan of bitcoin and cryptocurrencies in general.

Speaking on Peter McCormack’s “What Bitcoin Did” podcast on Monday, Katie Wood talked about her first position in BTC, stating that she bought $100,000 worth of bitcoin when the cryptocurrency was worth around $250. She didn’t specify a date, but the price listed attributes the purchase to 2015.

Wood also stated that she still holds the position, which means that her current unrealized gain is about $7.6 million. In other words, the return on this position was 7,500%.

It should be noted that this is a personal bet on bitcoin, as it is currently not possible to do so in Ark Invest funds for regulatory reasons.

However, it should be noted that ARK was eventually able to gain exposure to bitcoin through the Grayscale Bitcoin Trust (GBTC), in which ARK Next Generation Internet Fund (ARKW) currently holds about 5.9 million shares worth about $67.4 million.

In terms of bitcoin’s recent evolution, it is worth noting that the cryptocurrency has been consolidating just below the $20,000 mark for several weeks, which is a pullback after nearly a year-long decline since the cryptocurrency reached an all-time high in November 2021.

According to many experts and analysts, this behavior, along with other signs, could portend an impending bear market for the cryptocurrency.

However, in the short term, bitcoin faces a key hurdle consisting of a major psychological threshold of $20k and a 100-day moving average around $20,900.