Cathie Wood made assertive statements for Bitcoin (BTC)!

ARK Invest CEO Cathie Wood stated that Bitcoin (BTC) will become more prominent as a store of value asset and will replace gold.

The cryptocurrency market continues to develop and be adopted day by day. Especially the leading cryptocurrency, Bitcoin (BTC), has not come to the fore in many areas lately. The inclusion of Bitcoin in the traditional financial sector by corporate companies through ETFs has brought to mind the issues of gaining ground and acceptance.

Addressing the course of Bitcoin, Cathie Wood equated the leading cryptocurrency with gold. In his statement, Wood stated that BTC will continue to gain value and replace gold.

Cathie Wood says Bitcoin (BTC) is the new gold

Cathie Wood, CEO of ARK Invest, which applied for a Spot Bitcoin ETF, stated that BTC will gain more coverage. Wood claimed that Bitcoin will replace gold as a store of value.

Cryptocurrency investors also agree with Wood. To date, many investors have claimed that Bitcoin is digital gold, arguing that they prefer it as a store of value.

Digital gold Bitcoin comes to the fore especially in geographical regions where the economic course is painful. This is interpreted as a means of escape, just like gold.

Sharing his views on the subject, Wood said: *“During the regional bank crisis in March last year, Bitcoin rose 400 percent while the KRE, the regional bank index, collapsed. Here again the regional bank index is on the move and after some correction after the introduction of the 11 ETFs, we see Bitcoin catching a bid again,” he said.

Wood often states that Bitcoin will gain great importance in the future and the BTC price will reach six figures. “There is now a substitution towards Bitcoin and we think this will continue as it is a much easier and less effortful way to access Bitcoin,” Wood said.