Cathie Wood: Bitcoin's Transparency Makes It Ideal Inflation and Deflation Hedge Over Traditional Banking
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Cathie Wood says bitcoin can hedge against both inflation and deflation due to its decentralization and transaction transparency.
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She contrasts bitcoin's visibility with the opaque workings of the banking system that are currently losing deposits.
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The collapse of some regional banks and crypto exchange FTX proved bitcoin's concept as a hedge by exposing dangers of centralization.
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While gold can also hedge against inflation/deflation, Wood would choose bitcoin over 10 years for its newness and appeal to young people.
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ARK Invest is a large holder of crypto assets like Coinbase stock and Grayscale Bitcoin Trust.