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October 3, 2022
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Cathie Wood: Bitcoin is better than gold –

ARK Invest CEO Cathie Wood currently praises Bitcoin as a kind of hedge against inflation. In a new interview with Yahoo Finance, she said she expects BTC to continue to outperform gold. She also emphasized that she was impressed by the cryptocurrency market in terms of how it revived after 2018.

Cathie Wood: Bitcoin is better than gold

– I believe that there is no better hedge against inflation than Bitcoin. As we know, gold moved [na wykresie]although it has now been overtaken quite heavily by Bitcoin, so there is likely to be some shift in share [w rynku]but I believe both assets will do well – Wood said.

She also said that she also expected Bitcoin to grow in popularity among institutional investors and large companies.

– I think we will hear about more companies introducing this protection [tj. BTC] to my balance sheet, and I especially think of tech companies that understand and feel comfortable with technology – she added.

Bitcoin rate

Cathie Wood also claims that Bitcoin’s relatively rapid recovery after a strong bear market that began in early 2018 is unique and remarkable. He believes that macroeconomics played a key role in the rapid revival of the leading cryptocurrency.

Usually, when a parabolic move occurs, such as with Bitcoin we saw in 2017, it usually takes a generation for that resource or stock to return to peak levels – thus praised BTC.

Recall that ARK has been bullish on Bitcoin for years and bought its first batch of cryptocurrencies in 2015, when the BTC price was around $ 250.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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