PANews February 24 – According to The Crypto Basic, Ark Invest founder Cathie Wood reiterated her strong confidence in Bitcoin in an interview with Bloomberg, stating that it is “undoubtedly” superior to gold. She believes Bitcoin offers hedging against both inflation and deflation, and its digital nature provides structural advantages within the modern financial system, while demand for gold has become more mature.
Wood pointed out that Bitcoin is still in the early stages of adoption by institutions and retail investors, with institutional exposure still developing. Younger investors are increasingly favoring digital assets over physical gold. She sees Bitcoin as representing a generational shift in value storage investment. Despite her optimism, market data shows Bitcoin has fallen 27.7% this year to $63,269, while gold has risen 19% to $5,180 per ounce, indicating that traditional safe-haven assets are performing better in the short term. Wood emphasized focusing on structural adoption trends rather than short-term price fluctuations.
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