Bitcoin (BTC) Works in Inflationary and Deflationary Periods Says Ark’s Cathie Wood

BTC’s reputation as a potential inflationary protection investment is in step with the crypto’s comparisons to digital gold. While Wood acknowledged that actual gold can also work as a hedge against both inflation and deflation, she maintained that bitcoin would be her choice “hands down” if she had to choose an asset to hold for the next 10 years.