Saturday, November 2, 2024
Home > News > Bitcoin News > Bitcoin (BTC) Works in Inflationary and Deflationary Periods Says Ark’s Cathie Wood

Bitcoin (BTC) Works in Inflationary and Deflationary Periods Says Ark’s Cathie Wood

BTC’s reputation as a potential inflationary protection investment is in step with the crypto’s comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice “hands down” if she had to choose an asset to hold for the next 10 years.

Source