Cathie Wood, founder and CEO of Ark Invest, has reaffirmed her strong conviction in Bitcoin during a recent interview with Bloomberg, positioning it as a structurally superior store of value compared to gold. Wood argued that while gold has historically served as a defensive asset, Bitcoin's digital nature gives it a distinct advantage within the modern financial system.
Wood highlighted a generational shift in investment preferences, noting that younger investors are increasingly prioritizing digital assets like Bitcoin over physical gold. She stated that gold demand has reached a mature and consolidated stage, whereas Bitcoin adoption by both institutions and retail investors is still in its early phases, representing significant growth potential.
The Ark Invest founder also emphasized Bitcoin's dual role as a hedge, stating it can act as a protective asset during both inflationary and deflationary cycles. She indicated that Bitcoin has demonstrated relatively stronger performance under deflationary conditions compared to traditional hedges.
However, current market data presents a contrasting picture. As of the report, Bitcoin is trading around $63,200, having accumulated a 27.7% decline since the start of the year. In comparison, gold hovers near $5,180 per troy ounce with a 19% gain over the same period. This divergence between Wood's long-term optimism and Bitcoin's short-term performance highlights the tension between narrative and market reality.
Despite Bitcoin's price struggles, Ark Invest has strengthened its exposure to the cryptocurrency ecosystem through strategic investments. The firm recently purchased:
• 212,314 shares of Bitmine for approximately $4.2 million across three exchange-traded funds
• 74,323 shares of Bullish
• 174,767 shares of Robinhood for approximately $12.4 million
These acquisitions, totaling nearly $19 million, reflect Ark's commitment to the digital asset space regardless of short-term volatility. The firm also maintains positions in other crypto-related companies including Block, Circle, and Coinbase, demonstrating a comprehensive strategy aligned with Wood's vision of structural growth in the digital ecosystem.
