Three Reasons for Cathie Wood's Supremacy of Bitcoin

In recent times, the price movements observed in the cryptocurrency market continue to attract investors' attention. Especially Bitcoin (BTC) has come to the forefront even more with the statements made by Ark Invest CEO Cathie Wood. On September 27, 2023, Wood explained why Bitcoin will have a greater value than all other blockchain projects on The Master Investor Podcast, highlighting three main reasons for this.

Cathie Wood emphasized the importance of Bitcoin becoming a global monetary system. According to Wood, Bitcoin can be described as “a rule-based, quantitatively limited global monetary system.” This structure has revolutionary potential for the world economy. The progress of Bitcoin towards becoming a global currency is one of the key features that separate it from other cryptocurrencies.

Wood also highlighted the unbreakable security of Bitcoin. Particularly, the fact that Bitcoin has never been hacked as a first-layer technology gives it a significant security advantage. Cathie Wood stated that this security framework establishes Bitcoin as the foundation of the monetary system. For investors, this situation increases Bitcoin's potential as a long-term reliable store of value.

Furthermore, Wood pointed out that Bitcoin is not just a technology but also an entirely new asset class. The Ark Invest team published its first white paper in this area in 2016, and since then, Bitcoin has become a historical turning point for both the financial system and the investment world. This new asset class stands out as a factor for investors to consider while seeking diversification in their portfolios.

Cathie Wood's statements reinforce Ark Invest's long-term belief in Bitcoin and the value it sees as digital gold. Continuously monitoring Bitcoin for greater gains has become extremely important for investors. They will need to evaluate the opportunities presented by Bitcoin and closely follow market dynamics.