Major Tesla investor predicts tech companies will buy Bitcoin

posted 9 months ago
Cathie Wood, the chief executive of a prominent investor in electric car-maker Tesla, Ark Investment Management, has said she thinks more companies are going to add bitcoin to their balance sheets, speaking ahead of a hotly-anticipated virtual "Bitcoin corporate strategy" summit.

"I think we're going to hear about more companies putting this hedge [Bitcoin] on their balance sheet ... particularly tech companies who understand the technology and are comfortable with it," Wood recently said, adding: "I believe there is no better hedge against inflation than Bitcoin."
Tags: opinion, bitcoin