NEW YORK: Fund manager Cathie Wood says she would unambiguously wager on bitcoin – rather than gold or cash – to safeguard against the possibility of deflation in the coming decade.
The head of ARK Investment Management reiterated her view that she expects an era of falling prices, backed by new technologies including artificial intelligence, electric vehicles, robotics, genomic sequencing and blockchain – an opinion she has held since 2021 even as markets have focused on a new era of heightened inflation risks.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
