ARK Investment Management CEO Katherine Wood stated in an interview with Bloomberg TV that she was “very happy” to see a “healthy” correction in bitcoin. According to her, the company continues to have a positive attitude towards the main digital coin, despite the situation on the market, writes RBC Crypto.
On February 21, Bitcoin reached another all-time high at $ 58.3 thousand, and then began to fall in price. According to Coingecko, quotes fell to a local minimum on February 23, when the digital coin dropped in price to $ 45.6 thousand.Today, on February 24, bitcoin is trading at $ 50.6 thousand.
There is no market that always shows only growth, Wood emphasized.
The CEO of ARK Invest believes that bitcoin can be used in many areas, but right now the coin is best suited for hedging risks like inflation. In this regard, Bitcoin is significantly superior to gold, Wood said. Another benefit of bitcoin, she said, is that it can be used to protect against asset forfeiture.
Earlier in an interview with Yahoo Finance by Catherine Wood spoke, which is not surprised by the interest of institutional investors in the main digital coin. She argues that buying bitcoin by large investors is a matter of time, as the coin now has the lowest correlation compared to other asset classes.
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