Cathie Wood: Bitcoin is "undoubtedly" superior to gold

PANews reported on February 24th that, according to The Crypto Basic, Ark Invest founder Cathie Wood reiterated her strong belief in Bitcoin in an interview with Bloomberg, stating that it is "undoubtedly" superior to gold. She believes Bitcoin serves as a hedge against both inflation and deflation, and its digital attributes give it a structural advantage in the modern financial system, while the demand pattern for gold has matured.

Wood points out that Bitcoin is still in the early stages of institutional and retail adoption, with institutional exposure still developing, and younger investors increasingly favoring digital assets over physical gold. She believes Bitcoin represents a generational shift in value storage investments. Despite Wood's optimism, market data shows Bitcoin has fallen 27.7% year-to-date to $63,269, while gold has risen 19% to $5,180 per ounce, indicating that traditional safe-haven assets have outperformed in the short term. Wood emphasizes focusing on structural adoption trends rather than short-term price fluctuations.