Cathie Wood: Bitcoin is a Defensive Asset

According to Bloomberg, during a podcast with Merryn Somerset Webb, ARK Invest CEO Cathie Wood stated that she would choose Bitcoin as a defensive asset without hesitation.

Wood elaborated on her reasoning, explaining that she anticipates a coming era of declining prices due to the rise of cutting-edge technologies like artificial intelligence, electric vehicles, and blockchain.

In response to a question about which of the three asset classes – gold, cash, or Bitcoin – she would choose to hold for 10 years, Wood confidently replied:

“Definitely Bitcoin. It serves as a hedge against both inflation and deflation as it carries no counterparty risk. It’s the digital equivalent of gold.”

Wood went on to predict the merging of AI and Bitcoin in the future, stating that this “will allow us to solve issues on a micro-level across the world and result in a division of labor that we can’t even imagine at present.”

Earlier, Wood had previously referred to Bitcoin as the ideal form of protection against wealth loss and an insurance policy for developing nations.