Kenne Michael 
Cathie Wood, the CEO of ARK Investment, an investment management firm and a founder and American investor, referred to Bitcoin, a cryptocurrency, as a digital gold.
Recently, Wood stated in an interview that she would prefer to have Bitcoin for her future rather than gold or cash.
On November 3, the founder of ARK Investment predicted that new technologies such as blockchain, electric vehicles, artificial intelligence, and robotics will support an era of declining prices.
Cathie Wood’s Top Pick is “Bitcoin Hands Down”
Cathie Wood was questioned in an interview with Bloomberg regarding her considerations when it came to holding an asset for a decade.
She answered right away, stating, “Bitcoin, hands down.”
She referred to cryptocurrencies as “digital gold,” stating that Bitcoin is devoid of counterparty risk and, therefore, immune to inflation and deflation due to the absence of institutional involvement.
Cathie Wood is among those who stand to gain if the SEC grants approval to the Bitcoin Spot ETF.
Alongside 21 Shares, her firm ARK Investment has applied for a Bitcoin ETF and made an investment in the Grayscale Bitcoin Trust.
In addition, Wood’s ARK Next Generation Internet ETF, valued at $1.2 billion, acquired Grayscale Bitcoin Trust (BBTC) in November of last year at a discount of approximately 40%.
Notably, Wood’s trust constitutes the largest investment in the fund and has generated an approximate annual return of 224%.
ARK, under the astute direction of Bitcoin enthusiast Cathie Wood, sold 100,739 GBTC shares for a total of $2.5 million when Bitcoin ascended to $35,000.
Cathie Wood Constantly Supports Bitcoin and AI
It is noteworthy to mention that Cathie Wood has consistently maintained an unwavering stance concerning Artificial Intelligence (AI) and Bitcoin.
She has previously expressed interest in the dynamic synergy that could exist between Bitcoin and artificial intelligence.
Cathie Wood was also of the opinion that the opportunities and ramifications that modern technologies present for every industry will influence the economic landscape as a whole, thereby improving the industry’s financial situation.
She added that the collaboration of artificial intelligence and bitcoin will be lethal, as it will reduce costs and increase productivity in the world’s fastest-growing industries.
Meanwhile, the value of Bitcoin was down by 2.26% to $34,459.68, while its 24-hour volume had declined by 25.20% to $19.28 billion.
However, in the preceding 30 days, the price of Bitcoin increased by more than 24%.