ARK Invest CEO Cathie Wood has set her sights on Bitcoin as the next viable, safe haven asset for investors.

In a recent chat with ARK Chief Futurist Brett Winton, Wood pointed to Bitcoin’s resilience as one of the key reasons why she believes it can be classed as “digital gold.”

With traders also rushing to back the Bitcoin Minetrix (BTCMTX) ICO, the crypto market could be witnessing a shift in sentiment.

Cathie Wood Hints That BTC Could Be a Safe Haven Asset in Recent Interview

Cathie Wood’s recent appearance on ARK Invest’s “In The Know” YouTube series gave further insight into her perspective on Bitcoin’s potential as a modern-day safe haven asset.

When asked about the growing narrative of Bitcoin as “digital gold” by Brett Winton, Wood pointed to Bitcoin’s historical price appreciation during times of broader market uncertainty.

Specifically, Wood highlighted Bitcoin’s performance during last year’s regional banks crisis, where the coin “shot up 40%” while markets were in turmoil.

As she noted, the ability of Bitcoin to act as a shelter from volatility could give it similar attributes to gold.

However, Wood also acknowledged Bitcoin’s higher volatility relative to traditional asset classes.

Overall, while Wood believes we are now seeing a “substitution into Bitcoin,” she remains cautious about going all-in on the coin.

Regardless, her reference to Bitcoin’s ability to weather market storms provides credibility to the view that it could be a safe-haven asset class for modern investors.

Bitcoin’s History as Potential Shelter from Market Volatility

While Cathie Wood’s recent comments point to a growing acknowledgment of Bitcoin’s potential as a store of value, the narrative of BTC as a safe haven asset has been building for years.

In 2020, researchers highlighted Bitcoin’s similarities to gold, focusing on the coin’s capped supply and its resistance to inflation.