Ark Invest CEO Cathie Wood joins CNBC's 'Squawk Box' to discuss outlooks on Tesla, Bitcoin, and responses to criticism about her investment strategy.

ARK Invest founder Cathie Wood says Bitcoin (BTC) remains on track to hit a massive price target in about five years.

Cathie Wood is defending her fraught ARK Innovation exchange traded fund following a rocky stretch. "We have a volatile fund," she told CNBC's " Squawk Box " on Friday. "We should not be a huge slice of any portfolio. We are more of a satellite strategy now, although we think this is the way the world is going."

In a blog post on Wednesday, Cathie Wood-led ARK Invest has projected that the growth and profitability of AI data centers will remain strong, despite increasing power demand and costs.