Cathie Wood: Bitcoin is launching an attack on gold’s global market
According to Decrypt, Cathie Wood, founder and CEO of ARK Investment Management, believes that Bitcoin will one day be worth $1 million - just not anytime soon. In an interview with Brazilian financial news portal Infomoney, she expressed her continued optimism for Bitcoin, stating, "Gold is a trillion-dollar asset, and we believe Bitcoin can get a slice of that pie." Wood said that this comparison is not just about value, but about the fundamental role that Bitcoin can play as a decentralized, private alternative to traditional currency.Wood also believes that Bitcoin plays a crucial role as a tool for individuals and institutions to hedge against unstable currencies and fiscal policies in emerging markets. She pointed out that Bitcoin has a very wide range of applications. Bitcoin represents a new era in finance - the first global, digital, and decentralized currency system. This is a groundbreaking development, especially considering the closing of the US gold window in 1971.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fetch.ai and Zus Network Optimize Hot Plus Data Storage Solution
Cryto Investor Makes $1 Million Profit in Less Than a Month – Here is How
XRP’s Surge Fuels Speculation of Overtaking Ethereum
MegaETH-based DEX GTE raises $10 million, including $2.5 million via Cobie's Echo
GTE has raised $10 million through a combination of venture capital and community funding rounds.Built on the MegaETH blockchain, GTE is positioning itself as the fastest decentralized exchange.
Trending news
MoreCrypto prices
More
