Bitcoin is the greatest form of defense against wealth confiscation and an insurance policy for the developing world, according to ARK Invest CEO Cathie Wood.

“There’s hyperinflation all over the world as their currencies have fallen apart,” said Wood in an interview with Yahoo Finance on Thursday. “Those populations need a fallback—an insurance policy like Bitcoin.”

Wood believes that high-net-worth individuals also have much to gain by using Bitcoin as a shield against “confiscation” through inflation. The top cryptocurrency by market cap has a supply limit of 21 million coins, making it immune to debasement through money printing, as is common of fiat currencies.