Cathie Wood calls bitcoin 'good source of diversification' for investors seeking higher returns
Cathie Wood, CEO of ARK Invest, has highlighted Bitcoin as a valuable asset for investors looking to diversify their portfolios and achieve higher returns. She emphasized that Bitcoin's unique properties make it an effective hedge against inflation and market volatility. Wood believes that as institutional adoption of Bitcoin increases, its potential for significant price appreciation will also rise. Additionally, she pointed out that Bitcoin's correlation with traditional assets remains low, further enhancing its appeal as a diversification tool.
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