Cathie Wood, founder and CEO of Ark Invest, told The Master Investor podcast she holds a contrary view to Tom Lee and continues to prioritize Bitcoin within crypto allocations. Wood confirmed a recent purchase of BitMine stock and said that Bitcoin’s expanding scale, its status as a rule-based, unhacked Layer 1 and its emergence as a new asset class underpin its appeal as a monetary reserve. She acknowledged Ethereum’s utility in DeFi applications but observed it is encountering robust competition from Layer 2 scaling solutions. Her remarks reflect an institutional emphasis on network security and monetary characteristics when assessing blockchain investments.
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