“Everyone Has This WRONG About Crypto” Cathie Wood Prediction
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Bitcoin has emerged as a compelling safe-haven asset amidst economic uncertainty, as acknowledged by Cathy Wood, the CEO of Ark Invest. Cathie who has been a long-standing advocate of Bitcoin and one of the first institutional investors in Bitcoin & Ethereum, has repeatedly emphasised its potential to act as a hedge against not only inflation and deflation but also the confiscation of wealth.
She has even set a BASE price target of one million dollars for this digital asset. Wood believes that Bitcoin offers opportunities for wealth preservation to both the affluent and the less privileged, while also serving as an insurance policy against hyperinflation and excessive government control.
In Ark Invests latest ‘in the know’ Update, Cathie argues that both Bitcoin and Ethereum have become increasingly valuable in recent times due to their decentralized nature, which shields them from inflationary pressures.
Consequently, they serve as reliable stores of value that can mitigate economic uncertainty and instability.Make sure to stick around to the end of the video, where Cathie breaks down the latest economic indicators and why she believes that economists have it completely wrong about inflation, anticipating a faster decline than commonly predicted. Cathie argues that this will only increase adoption and the value of both Bitcoin and Ethereum.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
To watch the full unedited interview in which clips are highlighted (and subscribe to a great crypto resource!) Check Out:
Will AI Fix Banking? | ITK with Cathie Wood
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