According to Katherine Wood, the founder of Ark Investment Management, Bitcoin and Ethereum are poised to be reliable investments during the current financial crisis.
In fact, Wood asserts that Bitcoin’s resilience during the latest US banking crisis was one of the most striking metrics that her company tracks.
As a result, BTC and ETH have now become “risk-free assets” and are actively disrupting the traditional world order.
Wood believes that Bitcoin and Ethereum have become defensive assets in the same way as gold, and their growing acceptance by investors is quite promising.
As the world continues to transform, Wood argues that innovation cannot be stopped, and cryptocurrencies are decentralized, transparent, and auditable.
This makes them unique from traditional assets, which have more pronounced points of failure.
Interestingly, Wood has previously noted that it was surprising how cryptocurrencies became a protective asset during the fall of American banks.
With these insights, it’s clear that Wood sees a bright future for Bitcoin and Ethereum in the investment landscape, given their unique properties that make them well-suited to thrive in a rapidly evolving financial world.