Cathie Wood Says Bitcoin Is ‘Digital Gold’ as Deflation Hedge
- Would prefer to own Bitcoin versus gold or cash over 10 years
- Reiterates deflationary outlook as price pressures give way
A bitcoin logo in the window of a bitcoin automated teller machine (ATM) kiosk in Barcelona, Spain, on Tuesday, Feb. 23, 2021.
Photographer: Angel Garcia/BloombergThis article is for subscribers only.
Cathie Wood says she would unambiguously wager on Bitcoin — rather than gold or cash — to safeguard against the possibility of deflation in the coming decade.
The head of ARK Investment Management reiterated her view that she expects an era of falling prices, backed by new technologies including artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain — an opinion she has held since 2021 even as markets have focused on a new era of heightened inflation risks.