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Cathie Wood, CEO of Ark Investment, remains bullish on Bitcoin despite the negative implications from Sam Bankman-Fried’s fraud case.
In a Bloomberg podcast, she touted Bitcoin as a superior hedge against deflation compared to gold or cash, due to its lack of counterparty risk and minimal institutional involvement. She foresees a convergence of AI and cryptocurrency, potentially revolutionizing global labor dynamics.
Wood also believes that Bitcoin can outperform gold in terms of digital stability and value, noting a generational shift in investment preferences towards digital assets over traditional ones like gold.
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