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Cathie Wood, CEO of ARK Invest, has likened Bitcoin and Ether to gold. Wood suggested that they function as “flight to safety” assets in current times as we face macroeconomic uncertainty. She believes that recent events show the need for a…

Cathie Wood said she currently owns over $7 million worth of bitcoin, which she purchased on the advice of Reagan-era economist Arthur Laffer while it was trading at $250. The ARK Investment Management CEO shared the information last week…