Posted 4/3/2024, 3:33:00 PM
Cathie Wood: Bitcoin Rises as Countries Devalue Currencies, Sees BTC as 'Insurance Policy' and Reiterates $1.5M Price Target
- Cathie Wood says currency devaluations in Nigeria, Egypt, and Argentina are driving bitcoin's rise
- Wood calls bitcoin an "insurance policy against rogue regimes and horrible fiscal and monetary policies"
- Wood reiterates her $1.5 million bitcoin price target, calling it a "financial super highway"
- Wood says bitcoin rose 40% last year when U.S. regional banks struggled
- Wood argues bitcoin has no counterparty risk and is both a risk-on and risk-off asset