Ark Invest CEO Expresses Support For Bitcoin, Claims It Is Better Than Gold

Cathie Wood has stated that she views Bitcoin (BTC) as a reliable hedge against inflation and deflation amid volatile financial markets. She favors BTC over gold, citing its digital gold status, transparency, and potential for long-term profit. Her company ARK Invest, of which she is also the CEO, supports the idea of digital currencies as safe havens during market turbulence.

TradFi cannot keep up

The CEO emphasized the unique features that Bitcoin has, contrasting them with the opacity of traditional banks. She noted that centralized traditional financial institutions (TradFi) often face deposit outflows and would therefore usually sell securities to cover losses.

She also highlighted the historical performance that Bitcoin has experienced over the years compared to the United States stock index and argued for its security as a long-term investment. Wood emphasized the risks of centralized authorities and TradFi which led to her acknowledging the appeal of a decentralized currency like Bitcoin alongside its potential as a store of value.

Bitcoin seems to be the answer

According to Cathie, Bitcoin is a superior choice for a decade-long investment with substantial profit potential, particularly among younger generations. The finance veteran firmly believes that Bitcoin offers some much needed stability and resilience, thanks to the transparency of blockchain technology as well as the hedging capabilities against inflation and deflation that BTC provides.

Wood also expressed her optimism about the intersection of Bitcoin and artificial intelligence (AI) after hinting at the transformative potential in the dynamic synergy between AI and crypto, highlighting the potential and beneficial effects the technologies hold for various industries as well as the broader economic landscape.