Summary
- Cathie Wood said she remains positive on Bitcoin (BTC).
- She said capital flight from less stable countries will provide another tailwind for Bitcoin and other digital assets.
- While AI is leading a technological revolution, Bitcoin still serves as a tool to protect wealth, and ARK Invest manages spot Bitcoin exchange-traded fund (ETF) ARKB.
Forecast Trend Report by Period
Cathie Wood, chief executive officer of asset manager ARK Invest, voiced a bullish view on Bitcoin.
Writing on X on June 27, Wood said capital flight from less stable countries would provide another tailwind for Bitcoin and other digital assets.
She said AI is leading a technological revolution and drawing broad attention from investors. But it cannot replace Bitcoin’s role as insurance for wealth for many people around the world.
ARK Invest currently manages spot-Bitcoin exchange-traded fund ARKB.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.