Ark Invest's Cathie Wood defends bitcoin as an inflation hedge in crypto panel with Elon Musk

Cathie Wood
Cindy Ord/ Getty ImagesCathie Wood defended bitcoin's role as an inflation hedge during a panel with Jack Dorsey and Elon Musk.The Ark Invest founder and CEO said bitcoin will serve as an inflation hedge in emerging market countries.She said citizens in emerging markets with "significant inflation" will migrate to bitcoin and other means to preserve their purchasing power.
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Ark Invest founder and CEO Cathie Woo