Cathay Wood: Bitcoin Scarcity Will Shine in AI Era

BTC1.13%
According to Cathay Wood, ARK Invest CEO, speaking on SamsungPro TV Crypto Plus on June 12, Bitcoin will gain prominence for its scarcity value amid an era of abundance created by artificial intelligence. Wood stated that as regulatory clarity improves under proposed legislation and AI drives increased supply across industries, Bitcoin's limited issuance will demonstrate significant value. She emphasized that Bitcoin tends to lead market cycles, making it a priority investment over digital asset infrastructure companies, which currently hold lower portfolio weight in ARK's AI and fintech funds. Regarding recent bitcoin spot ETF outflows, Wood noted that institutional exits remain minimal compared to retail activity, with institutional investment remaining steady as the four-year cycle concludes.
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