TechFlow reported on October 28 that, according to Cointelegraph, Ark Invest CEO Cathie Wood was asked in an interview whether she still had confidence in Bitcoin reaching $1 million. Cathie Wood responded: "Yes, the greater the uncertainty and volatility in the global economy, the more confident we become in Bitcoin. One reason is that we've just gone through an inflation scare, which we believe was primarily caused by supply chain issues, and Bitcoin serves as a hedge against inflation."
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