Cathie Wood Dismisses Bitcoin Concerns from Billionaire Laffont on June 27

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According to an X post on June 27, Cathie Wood, CEO of ARK Invest, dismissed billionaire Philippe Laffont's concerns about Bitcoin, arguing that capital outflows from less stable countries will "light another fire" under Bitcoin and other digital assets. Wood stated that while artificial intelligence has captured significant investment attention, it cannot serve as the "insurance policy" that many seek to protect wealth. She emphasized Bitcoin's role as a store of value amid geopolitical and economic uncertainties.
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