Digital gold rush: As Bitcoin and Ethereum become the new safe havens, Catherine Wood, founder, chief operating officer, and CEO of ARK Investment Management, 

LLC (also known as "ARK" or "ARK Invest"), forecasts a seismic upheaval in the financial landscape.

The CEO of ARK Invest predicts that Bitcoin and Ethereum will become widely used as safe havens.


Wood talked about how Bitcoin and Ethereum's place in the global financial scene is changing in episode 42 of ARK Invest's "In the Know" podcast, 

which aired on April 14. She emphasized how established financial institutions are being disrupted by cryptocurrencies,

which were formerly thought of as volatile but are now recognized as safe havens. Wood emphasized that Ethereum and Bitcoin are seen as flight-to-safety assets, 

much like gold, which indicates a wider adoption and acceptability than was previously thought. This discovery, 

she said, may just be the beginning of cryptocurrencies' revolutionary effects on the global economy.

Dr. Art Laffer, her mentor, and former professor, and Wood had a talk on March 23 about how Bitcoin is now serving as a store of wealth. According to her theory, 

more individuals may start using cryptocurrencies like Bitcoin if faith in established international monetary systems were to erode. With just two million more Bitcoins to be created, this change may drive up the price of digital currency.

The rate of inflation for Bitcoin, which reflects the number of units produced annually, is 1.8%. In the upcoming years, this rate is expected to be cut in half, finally falling to less than 1%, 

and keep falling until the maximum supply of 21 million units is reached. Wood emphasized the importance of Bitcoin's finite supply, 

citing the recent increase in price from $19,000 to around $29,000 as proof of the public's confidence in its worth.

Wood also expressed faith in the programmers, developers, and coders that created the mathematical foundation of Bitcoin. She argued that this will further strengthen Bitcoin's status as a store of wealth because they are unlikely to change it.

Disclaimer: We don,t provide any Investment advice.