Cathie Wood Says Bitcoin Is The Most Important Investment Instrument, Here's Why!

JAKARTA - Cathie Wood, CEO of ARK Invest, one of the world's leading investment management companies, recently shared his views on Bitcoin, the world's largest and most popular digital asset. Wood calls Bitcoin one of the most important investments in our lives, as BTC has high intrinsic value and security.

Furthermore, Wood also described that he believes in Bitcoin potential. According to him, these digital assets can provide positive changes for mankind. Wood clearly admits Bitcoin is "One of the most interesting things I've ever seen in my career."

Meanwhile, ARK Invest, a company founded by him in 2014, actively manages Bitcoin Spot's ETF investment products in collaboration with Swiss companies engaged in digital assets, namely 21Shares. Wood said that this product provides easier and cheaper access for investors to participate in the Bitcoin market.

In an interview with CNBC, Wood highlighted the solid security infrastructure of Bitcoin, which relies on computer networks in the world. He stressed that Bitcoin cannot be hacked, falsified, or stolen, because the digital asset uses transparent and decentralized blockchain technology.

Previously, Wood also highlighted the scarcity factor of Bitcoin which was claimed to be the cause of the increase in the value of bitcoin. The founder of ARK Invest is looking forward to a significant price spike in line with the adoption of Bitcoin by financial institutions.

He argues that Bitcoin requires regulatory and investor confidence to become a multimillion-dollar digital asset. Currently, the price of Bitcoin is in the range of 40.000 to $4.000 (around IDR 630 million to IDR 678 million).