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Bitcoin $89,460.60 -3.18%
Ethereum $3,030.01 -3.35%
BNB $882.69 -2.05%
Optimism $0.30 -7.06%
Arbitrum $0.20 -6.91%
Solana $132.92 -5.06%
Polygon $0.22 +2.77%
Cosmos $2.18 -6.24%
Avalanche $13.36 -7.66%

Cathie Wood: ARK Invest believes Bitcoin is more important than gold

ARK Invest CEO Cathie Wood posted on social media that today is a great day for Bitcoin and digital property. Incoming SEC Chairman Paul Atkins will release the constraints on digital assets imposed by Gary Gensler, protecting private property rights in the digital world.

Today, Federal Reserve Chairman Powell described Bitcoin as a virtual digital version of gold. The gold market is worth about $15 trillion, while Bitcoin is only worth $2 trillion. Bitcoin is still in its early stages.

Indeed, ARK Invest believes that the significance of Bitcoin far exceeds that of gold.

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Cathie Wood: ARK Invest believes Bitcoin is more important than gold

All Comments

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Economists expect the Federal Reserve to cut interest rates in December, with two more cuts possible in 2026.

Bank of America: Markets will soon digest expectations of a Fed rate cut in January.

He Lifeng held a video call with U.S. Treasury Secretary Bessant and Trade Representative Greer.

Hassett: No discussion with US President Trump regarding the Federal Reserve Chair (selection)

White House National Economic Council Director Hassett: It's Time for the Fed to Cautiously Cut Interest Rates

The yield on the 10-year U.S. Treasury note rose 2 basis points to 4.12%, a new high since November 2020.

Social media platform "X" has been fined €120 million by the European Union for violating content regulations.

Sovereign Wealth Funds Were Buyers as Bitcoin Plunged: BlackRock's Larry Fink

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US investors consider crypto less as risk-taking drops: FINRA study

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