Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Cathie Wood: Bitcoin is launching an attack on gold’s global market

Cathie Wood: Bitcoin is launching an attack on gold’s global market

CointimeCointime2024/01/19 04:56
By:Cointime

According to Decrypt, Cathie Wood, founder and CEO of ARK Investment Management, believes that Bitcoin will one day be worth $1 million - just not anytime soon. In an interview with Brazilian financial news portal Infomoney, she expressed her continued optimism for Bitcoin, stating, "Gold is a trillion-dollar asset, and we believe Bitcoin can get a slice of that pie." Wood said that this comparison is not just about value, but about the fundamental role that Bitcoin can play as a decentralized, private alternative to traditional currency.Wood also believes that Bitcoin plays a crucial role as a tool for individuals and institutions to hedge against unstable currencies and fiscal policies in emerging markets. She pointed out that Bitcoin has a very wide range of applications. Bitcoin represents a new era in finance - the first global, digital, and decentralized currency system. This is a groundbreaking development, especially considering the closing of the US gold window in 1971.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Pump Science apologizes after GitHub key leak leads to fraudulent tokens

Share link:In this post: The DeSci platform Pump Science has warned its users not to trust any tokens launched using its Pump.fun profile. Pump Science said it would never launch its tokens on Pump.fun. While Pump Science holds BuilderZ partially responsible for the security breach, it does not think BuilderZ was the attacker.

Cryptopolitan2024/11/28 12:33

Bitget Spot Bot adds MAJOR/USDT

We are pleased to announce that Bitget spot bot has now added: MAJOR/USDT. Reference 1. Spot grid 2. Crash course on Spot Grid Disclaimer Despite high growth potential, cryptocurrencies still face high risks and volatility. You are strongly advised to do your own research as you invest at your own

Bitget Announcement2024/11/28 12:15