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Cathie Wood's Bitcoin Shift
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Overview
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Cathie Wood of ARK Invest highlights the shift from gold to Bitcoin, driven by the launch of spot Bitcoin ETFs, with the expectation of Bitcoin functioning as a 'risk off asset' and a correlation with increased gold prices.
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How could the increased popularity of Bitcoin affect other cryptocurrencies and the broader financial industry?
How might the shift from gold to Bitcoin impact the global financial system?
What are the potential risks and benefits associated with Cathie Wood's stance on Bitcoin?
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