Katie Wood rated blockchain as one of the highly promising innovations in history so far, surpassing the scientific advances of the late 19th and early 20th centuries.
CEO and founder of ARK Investment Management, Katie Wood, declared that Bitcoin could turn out to be the new golden standard and enhance purchasing power. This way, she answered on Twitter Tesla CEO Elon Musk when he asked about the abnormally high ratio of the market capitalization of private companies in the estimation of the S&P index to the financial indicator of the state gross domestic product.
In the words of the head of ARK Invest, technological inventions developed today outshine the scientific advancement of the late 19th – early 20th centuries. Katie Wood included blockchain, artificial intelligence, energy storing, robotic engineering, and genome sequencing in the catalogue of the most advantageous technologies.
The gold standard represents a monetary system in which the value of notes and coins is conveyed in a specific guaranteed quantity of gold.
BTC is often compared to gold, especially in recent times, as more and more institutional investors utilize cryptocurrency as a hedge against inflation.
