Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns
Cathie Wood, CEO of ARK Invest, has emphasized that Bitcoin serves as a valuable diversification tool for investors aiming for higher returns. She highlighted Bitcoin's potential to act as a hedge against inflation and its ability to provide uncorrelated returns compared to traditional assets. Wood believes that as institutional adoption of Bitcoin increases, its role in investment portfolios will become more significant. She also mentioned the importance of understanding the technology behind cryptocurrencies to fully appreciate their potential.
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