Cathie Wood: ARK Invest believes Bitcoin is more important than gold

ARK Invest CEO Cathie Wood posted on social media that today is a great day for Bitcoin and digital property. Incoming SEC Chairman Paul Atkins will release the constraints on digital assets imposed by Gary Gensler, protecting private property rights in the digital world.

Today, Federal Reserve Chairman Powell described Bitcoin as a virtual digital version of gold. The gold market is worth about $15 trillion, while Bitcoin is only worth $2 trillion. Bitcoin is still in its early stages.

Indeed, ARK Invest believes that the significance of Bitcoin far exceeds that of gold.