Crypto NewsBitcoinARK Invest CEO Cathie Wood Reveals Her Choice Between Bitcoin, Gold or...

ARK Invest CEO Cathie Wood Reveals Her Choice Between Bitcoin, Gold or Cash

Cathie Wood, one of the staunchest Bitcoin supporters, made an interesting statement about the role of Bitcoin in a deflationary environment.

Follow Bitcoin Sistemi Google News Button

ARK Invest CEO Cathie Wood made a bold statement about her belief in Bitcoin (BTC) as a deflation hedge for the next decade.

In a recent interview with Bloomberg's Merryn Talks Money podcast, Wood stated that he would prefer Bitcoin to gold or cash as a hedge against potential deflation.

Wood is a consistent proponent of the idea of Bitcoin as “digital gold.” Wood believes Bitcoin provides a hedge against both inflation and deflation due to its lack of adverse third-party risk and minimal institutional intervention.

Related News  FTX Still Holds A Hefty Amount Of 72 Altcoins In Its Selling Streak - Here's The Full List

This perspective dovetails with Wood's long-standing deflationist outlook. Since 2021, Wood has maintained this view despite market concerns about rising inflation risks. Wood attributes his deflationary expectations to advances in various technologies such as artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain.

Wood's optimism about Bitcoin extends beyond its role as a financial tool. Wood says he envisions a future where Bitcoin and artificial intelligence will combine to facilitate global microtasking and division of labor in ways that are currently unimaginable.

*This is not investment advice.

Follow our Telegram and Twitter account now for exclusive news, analytics and on-chain data!



1 COMMENT

Buradaki Yorumlardan Bildirim Al
Bildir
guest

1 Comment
Latest
The oldest Top Rated
Inline Feedbacks
View all comments
Anonymous

لطفا؛ نظریه خود را بابت ریپل عرض نمایید دوست عزیز
چون میخوام بخرم ۲۰ هزارتا

Popular Posts of the Week