Bitcoin is hedge against ‘horrible’ gov’t fiscal policy — Cathie Wood

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Bitcoin ETFs are not the only reason behind this year’s meteoric BTC price performance, Cathie Wood says.

Bitcoin (BTC) is rising because it is a “flight to safety” against devaluing fiat currencies, says ARK Invest CEO Cathie Wood.

In an interview with CNBC shared online on April 3, Wood described BTC as both a risk-on and risk-off investment.

The United States’ new exchange-traded funds (ETFs) may have driven the mainstream narrative around Bitcoin in 2024, but for ARK’s Wood, there is another key factor at play.

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