Cathie Wood: ARK Invest believes bitcoin is far more significant than gold
ARK Invest CEO Cathie Wood said in a social media post that today is a good day for bitcoin and digital property rights. Incoming SEC Chairperson Paul Atkins will unleash Gary Gensler's grip on digital assets and protect private property rights in the digital world.
Today, Federal Reserve Chairperson Jerome Powell described Bitcoin as a virtual digital version of gold. The gold market is about $15 trillion, while Bitcoin is only $2 trillion. Bitcoin is still in its early stages.
Indeed, ARK Invest believes that bitcoin is far more significant than gold.