### Cathie Wood believes that Bitcoin and other cryptocurrencies can help protect people's purchasing power from inflation by providing an alternative store of value. Unlike fiat currencies, which can be devalued by central banks printing more money, the supply of Bitcoin is limited and predictable, making it less susceptible to inflation.

According to Cathie Wood’s interview with CNBC: “What we've been through is a very big inflation and interest rate scare that hit long duration assets incredibly hard including long-term bonds.”


 <blockquote className="twitter-tweet"><p lang="en" dir="ltr">"What we've been through is a very big inflation and interest rate scare that hit long duration assets incredibly hard including long-term bonds," says <a href="https://twitter.com/ARKInvest?ref_src=twsrc%5Etfw">@ARKInvest</a> CEO <a href="https://twitter.com/CathieDWood?ref_src=twsrc%5Etfw">@CathieDWood</a>. "We believe that inflation is unwinding. The market is leading the Fed." <a href="https://t.co/Bm9TmECwxo">pic.twitter.com/Bm9TmECwxo</a></p>— Squawk Box (@SquawkCNBC) <a href="https://twitter.com/SquawkCNBC/status/1620769430291550209?ref_src=twsrc%5Etfw">February 1, 2023</a></blockquote>



Cathie Wood is the CEO and founder of Ark Invest, an investment management firm known for its focus on innovation and technology. She has been a vocal advocate for Bitcoin and other cryptocurrencies, stating that they have the potential to become a major component of a diversified investment portfolio.



Cathie Wood believes that Bitcoin is the most effective means of protection against the theft of wealth and a type of insurance for developing countries. She also made a bold prediction that the price of one Bitcoin will reach half a million dollars a decade from now.



Since inflation over time reduces the purchasing power of money, Cathie Wood probably sees it as a confiscation of wealth. Each unit of currency loses value when the amount of money in an economy rises, effectively lowering the amount that people can buy with fiat currency. In terms of the goods and services they can purchase, this implies that their wealth is less valuable.



In this sense, inflation can be seen as a form of wealth confiscation because it takes away the value of people's savings and investments without their consent. By investing in Bitcoin and other cryptocurrencies, Wood believes that individuals can protect their wealth from the effects of inflation and maintain the purchasing power of their money over the long term.


Cathie Wood believes that Bitcoin and other cryptocurrencies can help protect people's purchasing power from inflation by providing an alternative store of value. Unlike fiat currencies, which can be devalued by central banks printing more money, the supply of Bitcoin is limited and predictable, making it less susceptible to inflation.

Sun Feb 05 2023

Cathie Wood Says Inflation Is A Confiscation Of Wealth And People Need Bitcoin

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Sun Feb 05 2023 Cathie Wood Says Inflation Is A Confiscation Of Wealth And People Need Bitcoin

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Sun Feb 05 2023

Cathie Wood Says Inflation Is A Confiscation Of Wealth And People Need Bitcoin