Bitcoin ETFs are not the only reason behind this year's meteoric BTC price performance, Cathie Wood says.
Bitcoin (BTC) is rising because it is a “flight to safety” against devaluing fiat currencies, says ARK Invest CEO Cathie Wood.
In an interview with CNBC on April 3, Wood described BTC as both a risk-on and risk-off investment.
The United States’ new exchange-traded funds (ETFs) may have driven the mainstream narrative around Bitcoin in 2024, but for ARK’s Wood, there is another key factor at play.
