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Cathie Wood: Bitcoin's Rally During US Bank Collapse Proves It's the Future of Money

Cathie Wood, CEO of ARK Invest, believes that Bitcoin's significant price increase after the collapse of US regional banks is a clear indication that it is the future of money. Wood cites three reasons for her bullish outlook on digital assets, including the potential for Bitcoin to dominate the "money revolution" as a safe store of value.

She also highlights the potential of decentralized finance (DeFi) and digital property rights, such as non-fungible tokens (NFTs) or real estate in virtual worlds. Despite the recent SEC lawsuit against Coinbase, one of ARK's holdings, Wood predicts that the US crypto exchange will ultimately come out on top.

Bitcoin Bitcoin $98,709.12
+0.94%
Cathie Wood Bitcoin Decentralized Finance Coinbase
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