The Federal Reserve's interest rate cut bets ease, and the US dollar index faces resistance after consecutive flat closes
2024/01/19 04:55
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.
0
0
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.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
All three major U.S. stock indexes closed higher.
金色财经•2025/09/15 20:15
U.S. stocks closed with the Nasdaq and S&P 500 hitting new record highs, Tesla rose over 3%.
Chaincatcher•2025/09/15 20:13
OpenAI Chairman: The AI Bubble Is Not Entirely Without Benefits
金色财经•2025/09/15 19:04
JPMorgan analysts warn: Fed rate cuts may hurt stock and bond markets
金色财经•2025/09/15 18:24
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$115,421.23
-0.44%

Ethereum
ETH
$4,517.51
-2.24%

XRP
XRP
$3
-1.32%

Tether USDt
USDT
$1
-0.02%

BNB
BNB
$920.79
-1.05%

Solana
SOL
$234.31
-3.30%

USDC
USDC
$0.9999
-0.01%

Dogecoin
DOGE
$0.2669
-4.80%

TRON
TRX
$0.3446
-1.22%

Cardano
ADA
$0.8633
-3.15%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now