Ark Invest founder Cathie Wood has reiterated her belief in Bitcoin as a superior alternative to gold, citing its structural advantages in a modern financial system. In an interview with Bloomberg, Wood emphasized Bitcoin's role as a hedge against both inflation and deflation, contrasting it with gold's mature demand profile. Despite Bitcoin's 27.7% decline year-to-date compared to gold's 19% gain, Wood remains focused on Bitcoin's long-term potential.
Ark Invest continues to expand its crypto-related holdings, recently acquiring shares in Bitmine, Bullish, and Robinhood. These investments reflect Ark's strategy of prioritizing long-term growth in the digital asset space, despite current market volatility. Wood's comments underscore her view of Bitcoin as part of a generational shift in finance, with institutional adoption and younger investors driving its future growth.
Cathie Wood Reaffirms Bitcoin's Edge Over Gold Despite Market Trends
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