Katherine Wood advised using Bitcoin as a hedge against inflation and deflation., 2026/02/24 17:06:31

The CEO of investment firm ARK Invest, Cathie Wood, stated in an interview with Bloomberg that Bitcoin serves as an excellent alternative to gold and elaborated on why she believes the leading cryptocurrency maintains an edge over the most valuable precious metal.

Wood identified Bitcoin as a means of safeguarding savings against inflation and deflation. Traditionally, gold has fulfilled this role, but currently, Bitcoin stands as a digital competitor. According to Wood, Bitcoin is still in the early stages of adoption within the financial market. Businesses are just beginning to take notice of Bitcoin, yet younger investors increasingly favor it over gold.

The head of ARK Invest asserts that both gold and Bitcoin can protect investors’ capital during deflationary periods, when prices for goods and services decline, production slows, wages decrease, and unemployment rises. In Wood’s view, under such circumstances, Bitcoin demonstrates higher returns, enabling individuals to preserve and grow their savings. 

Wood’s remarks came amid Bitcoin’s decline to $63,200 and a reduction in the market capitalization of the leading cryptocurrency to $1.26 trillion. Since the beginning of the year, Bitcoin’s price has dropped nearly 28%, while gold has increased by 19%, reaching $5,180 per troy ounce. Nevertheless, ARK Invest continues to boost its investments in cryptocurrency-related companies. On February 12, ARK Invest acquired 212,314 shares worth $4.2 million in Bitmine, which regularly adds to its Ethereum holdings.

Cathie Wood is confident that by 2030, Bitcoin will be valued at $1.5 million and holds a distinctly different view on meme coins, referring to them as worthless tokens lacking intrinsic value.