PANews February 24 – According to The Crypto Basic, Ark Invest founder Cathie Wood reiterated her strong confidence in Bitcoin in an interview with Bloomberg, stating that it is “undoubtedly” superior to gold. She believes Bitcoin offers hedging against both inflation and deflation, and its digital nature provides structural advantages within the modern financial system, while demand for gold has become more mature.
Wood pointed out that Bitcoin is still in the early stages of adoption by institutions and retail investors, with institutional exposure still developing. Younger investors are increasingly favoring digital assets over physical gold. She sees Bitcoin as representing a generational shift in value storage investment. Despite her optimism, market data shows Bitcoin has fallen 27.7% this year to $63,269, while gold has risen 19% to $5,180 per ounce, indicating that traditional safe-haven assets are performing better in the short term. Wood emphasized focusing on structural adoption trends rather than short-term price fluctuations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Spot Bitcoin ETF sees over $1.1 billion in net inflows over three days, analysts say the "safe-haven asset" narrative is returning
Recently, spot Bitcoin ETF funds have rebounded, recording approximately $1.1 billion in net inflows from March 2 to 4, helping to push Bitcoin's price above $73,000. Analysts believe that geopolitical tensions and macroeconomic uncertainties are causing institutional funds to refocus on Bitcoin as a safe-haven asset.
GateNews11m ago
Bitwise Donates $233K to Bitcoin Developers From BITB Profits
Bitwise Asset Management has donated $233,000 to Bitcoin developers, fulfilling its pledge to allocate 10% of its ETF profits for community support. This brings total donations to $383,000, aiming to enhance Bitcoin ecosystem security and development.
TodayqNews17m ago
After -25% Bloodbath… Bitcoin Is +8% – Too Late to Buy?!
Bitcoin experienced an 8.12% increase in March 2026, turning around losses from the previous months. Historically, March has been strong for Bitcoin, showing average gains and a potential for renewed market confidence, even as traders remain cautious about future trends.
Coinfomania21m ago
American Bitcoin's two board members make large purchases of company stock after the earnings release
Two board members of American Bitcoin (ABTC), a Bitcoin mining company supported by the Trump family, made large-scale stock purchases after the earnings report was released, with Justin Mateen buying approximately 1.3 million shares and Richard Busch buying about 330,000 shares.
GateNews27m ago
