[ARK Invest CEO Cathie Wood reveals her choice between Bitcoin, gold or cash]
Cathie Wood, CEO of ARK Invest, strongly promoted Bitcoin (BTC) as an effective tool to fight inflation over the next decade during an interview on Bloomberg’s Merryn Talks Money Podcast.
Wood insists on choosing Bitcoin over gold or cash to resist potential inflation. She believes that Bitcoin, as "digital gold", can effectively hedge against inflation and deflation due to the lack of third-party risks and institutional interference.
This stance is consistent with Wood's long-term view on deflation. Even though the market is worried about rising inflation risks, she has been adhering to this view since 2021 and attributed her deflation expectations to technological advances, such as artificial intelligence, electric vehicles, robotics, genome editing, blockchain and other industries. breakthrough.
Wood’s confidence in Bitcoin goes beyond its use as an investment tool. She also foresees that Bitcoin can be combined with artificial intelligence to promote the division of global microtasks in ways that are currently unpredictable in the future.
