ARK Invest’s Cathie Wood says Bitcoin (BTC) is likely to explode in value if people’s confidence in the financial system continues to dwindle.
Highlights
- ARK Invest’s Cathie Wood says Bitcoin (BTC) is likely to explode in value if confidence in the financial system continues to dwindle.
- Wood says the price of Bitcoin will go through the roof if people’s confidence in financial systems continues to drop.
- Wood: Bitcoin’s decentralized nature and scarce supply will attract capital looking for a superior store of value compared to what has historically been available to them.
- He also says that BTC’s recent rally amid a banking crisis and general economic uncertainty is proof that it is beginning to succeed at fulfilling the role of a store of.
- value.
- The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is an investment advisor.
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