Cathie Wood: Bitcoin is ‘digital gold’ as a deflation hedge
On November 3rd, Cathie Wood stated that she will specifically bet on Bitcoin, rather than gold or cash, to hedge against the possibility of inflation over the next decade. Additionally, Cathie Wood believes that Bitcoin can hedge against both inflation and deflation, as there is no counterparty risk and institutions are almost not involved, making it digital gold.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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