The post Ark’s Cathie Wood Backs Bitcoin Long Term, Chases Ethereum via BitMine appeared on BitcoinEthereumNews.com. TLDR: Cathie Wood argues Bitcoin is the only Layer 1 network never hacked, key to its global monetary role She says Ethereum’s dominance is threatened by Layer 2s stepping in around scaling and fees Wood increased her exposure to ETH via BitMine shares, balancing conviction with flexibility She frames her divide with Tom Lee as philosophical: Bitcoin’s rules over ETH’s evolving model Cathie Wood, CEO of Ark Invest, recently told The Master Investor podcast she still favors Bitcoin over Ethereum.  She argued Bitcoin’s never been breached and serves as a rules-based global monetary layer. Yet she conceded that she is warming toward Ethereum and has increased exposure via BitMine. This tension captures a turning point in how major investors view crypto.  As price pressures rise and platform competition thicken, Wood’s stance signals what may come next. Her remarks were discussed in a tweet by WuBlockchain summarizing her shifting tilt.  Why Wood Insists on Bitcoin Dominance (Crypto, Price) In the podcast, Wood framed Bitcoin not just as a speculative asset, but as the only Layer 1 that’s never been hacked. She repeated her view that Bitcoin will remain the foundational crypto monetary network for the world. She contrasted that with Ethereum: though Ethereum underpins much of DeFi, she believes it now faces rising threats from Layer 2 competitors. That trend, in her view, limits Ethereum’s ability to scale as a global monetary base. Wood also addressed criticism from Tom Lee of Fundstrat, who has argued Ethereum could overtake Bitcoin. She described their difference as “friendly disagreement,” pointing to Bitcoin’s rules, track record, and scale as her reasons. She emphasized that Bitcoin’s “never hacked” status gives it credibility few other crypto networks can match today. That safety record supports her long-term conviction amid shifting market price cycles.  Ark Invest CEO Cathie Wood… The post Ark’s Cathie Wood Backs Bitcoin Long Term, Chases Ethereum via BitMine appeared on BitcoinEthereumNews.com. TLDR: Cathie Wood argues Bitcoin is the only Layer 1 network never hacked, key to its global monetary role She says Ethereum’s dominance is threatened by Layer 2s stepping in around scaling and fees Wood increased her exposure to ETH via BitMine shares, balancing conviction with flexibility She frames her divide with Tom Lee as philosophical: Bitcoin’s rules over ETH’s evolving model Cathie Wood, CEO of Ark Invest, recently told The Master Investor podcast she still favors Bitcoin over Ethereum.  She argued Bitcoin’s never been breached and serves as a rules-based global monetary layer. Yet she conceded that she is warming toward Ethereum and has increased exposure via BitMine. This tension captures a turning point in how major investors view crypto.  As price pressures rise and platform competition thicken, Wood’s stance signals what may come next. Her remarks were discussed in a tweet by WuBlockchain summarizing her shifting tilt.  Why Wood Insists on Bitcoin Dominance (Crypto, Price) In the podcast, Wood framed Bitcoin not just as a speculative asset, but as the only Layer 1 that’s never been hacked. She repeated her view that Bitcoin will remain the foundational crypto monetary network for the world. She contrasted that with Ethereum: though Ethereum underpins much of DeFi, she believes it now faces rising threats from Layer 2 competitors. That trend, in her view, limits Ethereum’s ability to scale as a global monetary base. Wood also addressed criticism from Tom Lee of Fundstrat, who has argued Ethereum could overtake Bitcoin. She described their difference as “friendly disagreement,” pointing to Bitcoin’s rules, track record, and scale as her reasons. She emphasized that Bitcoin’s “never hacked” status gives it credibility few other crypto networks can match today. That safety record supports her long-term conviction amid shifting market price cycles.  Ark Invest CEO Cathie Wood…