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Cathie Wood thinks Bitcoin is inevitable – no matter which way you think the economy is headed – inflation or deflation, boom or recession, Bitcoin stands to gain adoption and to rise in price. Revealed in her ‘In The Know’ update released today, Cathie spoke on the positive developments surrounding Bitcoin and why no matter which why you slice the pie – Bitcoin is poised to gain.
Pointing at positive catalysts such as applications by financial juggernauts BlackRock & Fidelity for a spot Bitcoin ETF (Cathie & ARK Invest also have a horse in the race), Cathie reminded viewers that what really kick-started the rally this year for Bitcoin was the regional banking crisis.
Cathie was quick to point out that Bitcoin has no counter-party risk and is only going to continue to gain traction as investors will always want a flight to safety asset or an ‘insurance policy’ as you will. Make sure to stick around until the end of the video where Cathie Wood breaks down her economic outlook and why she believes recession is likely as well as the advancements of Artificial Intelligence and how they’re likely to impact the economy.
About Cathie Wood:
Catherine Duddy Wood is an American investor and the founder, CEO and CIO of Ark Invest, an investment management firm.
CREDITS:
To watch the full un-edited interview featured (and subscribe to a great finance resource!) check out:
ARK Invest
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Cathie Wood: “Why Bitcoin Is About To EXPLODE…” (Time To BUY)
