Ark Invest: Investors Should Protect Their Capital Using Bitcoin

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Cathie Wood, CEO of the Ark Invest fund, highlighted the independence of Bitcoin as an asset, stating that it is not influenced by central banks.

This makes it a strong option for protecting investor capital against inflation and global financial uncertainty.

While often compared to gold, Bitcoin offers the added convenience of being easily used. Wood predicts that by 2030, BTC could reach $1 million, as demonstrated by its 40% growth during the US banking crisis last year when both retail and corporate investors turned to it as a means of safeguarding their savings.

However, Wood also cautioned that Bitcoin is a volatile asset and its price fluctuations must be taken into account by investors.