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Cathie Wood: Ethereum cannot surpass Bitcoin, and the scale of Bitcoin will continue to expand.
On September 28, Ark Invest founder and CEO Cathie Wood stated in an interview with The Master Investor podcast that she has some disagreements with Tom Lee. She believes that Ether cannot surpass Bitcoin, despite her growing interest in Ether and her recent purchase of BitMine stocks. Wood expressed that she prefers Bitcoin over Ether because the scale of Bitcoin will continue to expand; it is a rules-based global monetary system, as a Layer 1 that has never been hacked, and it is the first platform to create a new asset class. In contrast, while Ether supports Decentralized Finance, it is facing fierce competition from Layer 2.