Cathie Wood casts Bitcoin as both a hedge and a risky bet
- —Wood frames Bitcoin as both a risk-on and risk-off asset
- —She expects easing inflation to pressure gold and lift BTC relative to it
- —BTC trades near $84,592 as traders await a breakout or rejection
- —ARK Invest cites growing institutional interest in crypto
Why it matters: Wood's dual-role thesis could accelerate institutional adoption of Bitcoin as a defensive portfolio allocation.
Source: The Cryptonomist