Cathie Wood calls Bitcoin a far superior alternative to gold

Cathie Wood, CEO of crypto investment firm and spot Bitcoin ETF issuer Ark Invest, has described Bitcoin as a vastly superior alternative to gold, The Crypto Basic reported, citing a recent Bloomberg interview. She explained that Bitcoin serves as a modern hedge against both inflation and deflation, a role similar to gold's, but argued its digital nature makes it structurally superior. Wood noted that Bitcoin adoption is still in its early stages, institutional investor participation is growing, and younger investors show a preference for digital assets over gold. She added that she views Bitcoin and digital assets as a generational turning point in finance and is focused on long-term growth over short-term market volatility.