According to Foresight News, Ark Invest founder and CEO Cathie Wood expressed her strong belief that Bitcoin will become the largest cryptocurrency to date during an interview on 'The Master Investor' podcast. Wood discussed her friendly disagreement with Fundstrat's Tom Lee, explaining why she believes Ethereum cannot surpass Bitcoin, despite her growing interest in Ethereum and recent investment in BitMine stocks.
Wood emphasized her preference for Bitcoin over Ethereum, citing Bitcoin's expanding scale and its role as a rule-based global monetary system. She highlighted Bitcoin's status as a Layer 1 platform that has never been hacked and as the pioneer of a new asset class. In contrast, while Ethereum supports decentralized finance (DeFi), it faces intense competition from Layer 2 solutions.
