According to Decrypt, Cathie Wood, the founder and CEO of ARK Investment Management, said she 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 consistent optimism about Bitcoin. She e xplained: "Gold is a trillion-dollar asset, and we believe Bitcoin can also get a piece of it." Wood said this comparison is not only in value but fundamentally reflects the role that Bitcoin can play as a decentralized and private alternative to traditional currency.
Wood added that she also sees Bitcoin as a tool for individuals and institutions to hedge against unstable currencies and fiscal policies, playing a crucial role in emerging
markets. She pointed out that the scope of application for Bitcoin is very broad. It represents a new era in finance - the first global, digitalized and decentralized currency system. This is groundbreaking development especially considering the closure of America's gold window in 1971.