Cathie Wood Reaffirms Stronger Belief in BTC Over ETH
Cathie Wood, the founder and CEO of Ark Invest, has once again emphasized her stronger conviction in BTC compared to ETH, underlining her view that the original cryptocurrency will maintain its position as the most significant digital asset in the years ahead.
Wood has long described BTC as a “rules-based global monetary system,” highlighting its capped supply of 21 million coins and its unmatched security record. She reiterated that BTC’s scarcity and role as a decentralized monetary network make it fundamentally diverse from other cryptocurrencies. According to Wood, this foundation will ensure BTC’s dominance as institutional adoption and global recognition continue to expand.
BTC as a global monetary system
“BTC is pure crypto,” Wood explained, noting its unique role as a transparent and incorruptible financial system that stands apart from traditional fiat currencies and other blockchain platforms. She stressed BTC’s security and resilience, pointing out that it has never been hacked despite over a decade of operation. As the most secure Layer 1 blockchain, Wood argues BTC is best positioned to serve as a store of value and a hedge against inflation.
Her view of ETH is more nuanced. While recognizing its role in driving innovation in decentralized finance (DeFi), smart contracts, and applications, she framed ETH as an infrastructure asset rather than a monetary one. She cautioned that ETH’s long-term dominance is not guaranteed, particularly as competition from Layer 2 scaling answers and other blockchain ecosystems continues to grow.
ETH’s opportunities and risks
Despite these reservations, Wood has begun showing measured interest in ETH’s ecosystem. Ark Invest has gained indirect exposure to ETH by investing in infrastructure companies such as BitMine, which support ETH’s blockchain operations. This indicates that while BTC remains her strongest conviction, Wood views ETH’s technological advances as valuable within the broader digital asset economy.
Her stance comes at a time when industry experts diverge on which cryptocurrency will ultimately deliver greater value to investors. Tom Lee, co-founder of Fundstrat Global Advisors, has taken a more bullish view on ETH, predicting that it could outperform BTC during certain market cycles due to its innovation-driven growth. This debate highlights the evolving perspectives among institutional investors as both BTC and ETH mature.
For Wood, however, the thesis remains clear: BTC’s scarcity and monetary function give it a unique advantage that no other digital asset can replicate. She continues to project ambitious long-term valuations for BTC, with some forecasts suggesting the cryptocurrency could eventually trade above $3 million as institutional adoption and macroeconomic shifts accelerate.
As the digital asset market develops, Wood’s confidence in BTC underscores her belief in its role as the foundation of the crypto economy. While ETH and other networks may compete for dominance in applications and smart contract infrastructure, BTC, in her view, will remain the cornerstone of a decentralized financial future.
