ARK Wood: Corporate financial reports show Bitcoin 32,654,435,179, which is becoming a 'new normal'
ARK Cathie Wood stated that the global reserve status of the US dollar is under challenge, and China's foreign exchange reserves decreasing from 1.3 trillion to 700 billion USD is a clear signal. This has led many asset management firms to start looking for hedging tools, with Bitcoin and gold becoming primary asset considerations. She cited examples:
Tesla
Square (now Block)
MicroStrategy (now Strategy)
The companies mentioned above have incorporated Bitcoin into their balance sheets, and although they initially faced ESG controversies, Bitcoin has now turned into an important role for anti-inflation and hedging.