Cathie Wood, founder and CEO of ARK Invest, has stated that one of the reasons Bitcoin (BTC) reached a historical high this year is the devaluation of national currencies worldwide. The price of Bitcoin has risen by over 130% in the past 12 months, reaching a historical high of around $73,800 last month. The demand for Bitcoin spot ETFs in the United States has also surged. In a recent interview with CNBC, Cathie Wood proposed another explanation, referring to Bitcoin as an “insurance policy against rogue regimes and terrible fiscal and monetary policies.” Two weeks ago, Wood reiterated her price target of $1.5 million for Bitcoin, calling it the “financial highway.” Wood stated on Wednesday: “Source: “
