GBTC - Bitcoin Is The Ultimate Deflation Safeguard Says Cathie Wood | Benzinga
ARK Investment Management CEO Cathie Wood is advocating for Bitcoin (CRYPTO: BTC) as the ultimate defense against deflation over the next ten years, as reported by Bloomberg on Thursday.
What Happened: Wood perceives Bitcoin as “digital gold,” forecasting its growth alongside the advancement of breakthrough technologies including artificial intelligence, electric vehicles, robotics, genomic sequencing, and blockchain.
Bitcoin’s value has more than doubled this year despite a 64% crash in 2022. Wood anticipates its price will exceed $1 million within the next decade.
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