Cryptocurrency is rapidly emerging as a flight to safety asset due to the disruption of the global order. The top two digital assets by market cap, Bitcoin (BTC) and Ethereum (ETH), are becoming more attractive to investors seeking a safe haven during hard economic times, according to ARK Invest CEO Cathie Wood.

In a recent episode of ARK Invest’s In The Know podcast, Wood noted that Bitcoin and Ethereum are viewed and treated like gold, a traditional safe haven asset, despite their volatile nature. This is testimony to the broader adoption and acceptance of crypto assets, a sentiment that the chief executive implies may be underestimated by most.

Wood believes that crypto assets are truly leading the disruption of the world’s traditional order and that blockchain technology is unstoppable. She suggests that innovation is bringing about a new era of financial opportunities and a standard of acceptable digital currencies, with Bitcoin and Ethereum being the most prominent.

At the time of writing, both Bitcoin and Ethereum are trading at a slight premium, trading for $30,300 and $2,087 respectively. This is potentially indicative of investors flocking to the safety of these crypto assets as uncertainty spreads in the global economy.

Thus, although risks remain high and Bitcoin and Ethereum are still considered volatile assets, their current popularity and success could prove them to be reliable safe havens in the midst of all the chaos. Cryptocurrency, led by Bitcoin and Ethereum, is undoubtedly beginning to emerge as a desired source of financial freedom and safety.



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