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Cathie Wood: Bitcoin is launching an attack on gold’s global market

Cathie Wood: Bitcoin is launching an attack on gold’s global market

CointimeCointime2024/01/19 04:56
By:Cointime

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.

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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.

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