Cathie Wood on Gold vs. bitcoin

Cathie Wood, a prominent bitcoin advocate, expressed her belief that gold’s reign as the ultimate store of value may be coming to an end. The CEO of Ark Invest recently discussed the timeless debate between traditional safe haven assets and digital currency in a podcast titled Merryn Talks Money on Bloomberg UK.

Wood participated in a hypothetical scenario where she had to choose between gold, a cash deposit account, or bitcoin for a decade. Her strong support for bitcoin as a hedge against inflation and deflation, combined with its digital nature, was evident. Despite acknowledging gold’s historical appeal, Wood emphasized that bitcoin‘s evolution as a fresh and dynamic asset, just starting to attract institutional interest, sets it apart.

bitcoin and Gold: An Inter-Generational Divide

Furthermore, Wood’s views resonate with the growing preference for bitcoin over gold among younger investors. The technological novelty and the enthusiastic embrace of bitcoin by millennials and Gen Z have shifted the narrative, making bitcoin a more attractive store of value compared to gold. Wood also noted that both gold and bitcoin have served as hedges against deflation, but bitcoin appears to have outperformed gold in recent times.

bitcoin‘s Emergence as a Dominant Investment Choice

In conclusion, Wood’s stance reflects the changing investment landscape, with bitcoin solidifying its position as a compelling choice. As bitcoin continues its recovery from the 2022 bear market, it remains to be seen if more investors will follow Wood’s lead and embrace the digital currency as an essential part of their portfolios.

Source: Merryn Talks Money

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### News source: bitcoinmagazine.com

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