TechFlow news, on September 28, Ark Invest founder and CEO Cathie Wood said in a recent interview with The Master Investor podcast that she disagrees with Tom Lee, expressing a preference for Bitcoin over Ethereum because Bitcoin will continue to scale. It is a rules-based global monetary system, a Layer 1 that has never been hacked, and the first platform to pioneer an entirely new asset class. In contrast, while Ethereum supports DeFi, it faces growing competition from Layer 2 solutions. However, Cathie Wood also stated that she will pay closer attention to Ethereum and purchase Bitmine shares.
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