Yeah, Cathie says a lot of things, not many of them realistic.
coinfeeds-bot on
tldr; Cathie Wood, CEO of Ark Invest, claims Bitcoin is a better scarce asset than gold due to its mathematically fixed supply, which limits its annual increase to 0.9% after halvings. She highlights Bitcoin’s 360% growth compared to gold’s 166% over recent years, despite gold’s higher annual supply increase. Wood projects Bitcoin could reach $1.2 million by 2030, emphasizing its low correlation with traditional assets and its potential as a portfolio diversifier. Analysts also support Bitcoin’s scarcity and potential as a superior inflation hedge compared to gold.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
slo1111 on
It is a bold call and could very well be true especially if we can break away from earth to find gold elsewhere or find the energy and tech to manufacture it or get any below the earth’s crust.
In both cases, their value relies on consensus that they are valuable.
Culturally gold gets the win. Industrially gold gets the win, but in potential supply expansion, bitcoin takes the cake and then some. May it be the currency of choice in the year of 2126, go BTC!
HSuke on
Don’t care what grandma who lets Jesus make decisions on faith-driven investment funds thinks.
Her fund performance is god awful.
BigvalBROski on
Ok….. Thanks, Cathy
Numerous_Wonders81 on
Algorand is also hard capped and scarce.
Perfect-Top-7555 on
I can’t wait to buy my jewelry made of bitcoin
CortaCircuit on
Obviously… One is a rock the other was designed to be money.
Anxious_Noise_8805 on
If you gave $5 to Cathie Wood to invest, you’d be pretty lucky if 5 years later it’s worth more
steepleton on
Tbf it’s perfectly possible for undiscovered reserves of gold to double the known supply, where bitcoin is finite.
Metals, Bitcoin or tesla, everything is only worth what folk will pay for it
It’s feasible bitcoin is worth 200k in 4 years, gold is not doing that in any universe
11 Comments
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Yeah, Cathie says a lot of things, not many of them realistic.
tldr; Cathie Wood, CEO of Ark Invest, claims Bitcoin is a better scarce asset than gold due to its mathematically fixed supply, which limits its annual increase to 0.9% after halvings. She highlights Bitcoin’s 360% growth compared to gold’s 166% over recent years, despite gold’s higher annual supply increase. Wood projects Bitcoin could reach $1.2 million by 2030, emphasizing its low correlation with traditional assets and its potential as a portfolio diversifier. Analysts also support Bitcoin’s scarcity and potential as a superior inflation hedge compared to gold.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
It is a bold call and could very well be true especially if we can break away from earth to find gold elsewhere or find the energy and tech to manufacture it or get any below the earth’s crust.
In both cases, their value relies on consensus that they are valuable.
Culturally gold gets the win. Industrially gold gets the win, but in potential supply expansion, bitcoin takes the cake and then some. May it be the currency of choice in the year of 2126, go BTC!
Don’t care what grandma who lets Jesus make decisions on faith-driven investment funds thinks.
Her fund performance is god awful.
Ok….. Thanks, Cathy
Algorand is also hard capped and scarce.
I can’t wait to buy my jewelry made of bitcoin
Obviously… One is a rock the other was designed to be money.
If you gave $5 to Cathie Wood to invest, you’d be pretty lucky if 5 years later it’s worth more
Tbf it’s perfectly possible for undiscovered reserves of gold to double the known supply, where bitcoin is finite.
Metals, Bitcoin or tesla, everything is only worth what folk will pay for it
It’s feasible bitcoin is worth 200k in 4 years, gold is not doing that in any universe