Cathie Wood: “Bitcoin is the only asset to store for the next 10 years”
Cathie Wood of ARK Investment Management champions Bitcoin over gold and cash as a long-term hedge against deflation, in light of technological advancements. In a recent podcast with Bloomberg’s Merryn Somerset Webb, CEO of ARK Investment Management Cathie Wood shared her conviction in Bitcoin as the prime asset for potential deflation hedge over the next decade. Wood’s stance comes amidst a market climate heavily leaning towards the risks of heightened inflation, yet her bet on deflation is unwavering, citing transformative technologies like artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain as the driving forces behind her prediction. JUST IN: Cathie Wood says she would choose #Bitcoin over gold "hands down". "Bitcoin is digital gold. It is a hedge against inflation AND deflation." pic.twitter.com/pnWjXmvuh1 — Bitcoin Archive (@BTC_Archive) November 3, 2023 Addressing the choice between Bitcoin (BTC), g...