Cathie Wood Celebrates Bitcoin’s Potential as SEC Chairman Looks to Strengthen Digital Property Rights

On December 5th, Cathie Wood, CEO of ARK Invest, took to social media to express her enthusiasm for Bitcoin, labeling it a pivotal moment for **digital property rights**. With the anticipated release of incoming SEC Chairman Paul Atkins’ new directives, there is hope that the regulatory landscape for **digital assets** will shift positively, thereby ensuring robust protections for private ownership in the virtual domain. Furthermore, Federal Reserve Chair Jerome Powell likened Bitcoin to a modern-day gold, underscoring the asset’s growing legitimacy. While the **gold market** boasts a staggering valuation of approximately $15 trillion, Bitcoin’s market capitalization is currently around $2 trillion, indicating that it remains in a nascent phase of growth. ARK Invest posits that Bitcoin’s intrinsic value and potential impact within the **financial ecosystem** significantly surpass that of traditional gold, highlighting the cryptocurrency’s promising trajectory.