In an interview with Bloomberg on December 11, famously bullish Ark Invest CEO Cathie Wood expressed a lot of faith in Bitcoin as a hedge against deflationary conditions in the next decade. She noted that BTC’s low correlation with other asset classes, its decentralized nature, and its finite, mathematically-guaranteed supply make it a superior investment compared to gold and cash over the long term. She added that she expects BTC to hit $500,000 within the next five or ten years.
Cathie Wood Bets on Bitcoin Over Gold and Cash as Deflation Hedge for Next Decade
