Cathie Wood says global capital flight could boost Bitcoin demand

ARK Invest founder Cathie Wood said Bitcoin and other digital assets could benefit from capital outflows from less stable countries because they offer protection against sovereign currency risk that AI-linked equities cannot provide. Writing on X on June 27, she said AI is attracting significant investor attention and liquidity but “cannot serve as the insurance policy” that Bitcoin provides as a wealth-preservation and cross-border allocation tool. Her comments came as market participants contrasted crypto with the AI trade. BlackRock digital assets executive Robbie Mitchnick said Bitcoin’s weak performance since October 2025 reflects a broader lag in assets outside AI rather than a crypto-specific breakdown, while Bitwise CIO Matt Hougan called crypto a “contrarian bet” amid institutional rotation into AI, robotics and SpaceX. Bitcoin traded around $60,000 on June 27, down more than 50% from its peak above $125,000 last October. U.S.-listed spot Bitcoin ETFs had recorded more than 45 consecutive days of outflows totaling $7.8 billion, and some miners increasingly shifted toward AI infrastructure as network hashrate fell from 1.151 zetahashes per second in October 2025 to about 0.888 zetahashes per second. Even so, some institutional investors said rising debt, deficits and currency concerns could eventually refocus attention on Bitcoin’s role as a non-sovereign store of value.