Cindy Ord/ Getty ImagesSummary List Placement
The fund manager said bitcoin will serve as a hedge against inflation in certain situations, citing emerging markets as an example.
"There are a lot of emerging markets that are suffering from significant inflation—in other words, the purchasing power of those populations is going down. So they are going to migrate to bitcoin and other ways to preserve purchasing power," Wood said.
She made the remarks when asked what advice she would give for institutions looking to put bitcoin on their balance sheets. Wood added that being able to sell to people who have migrated to bitcoin in inflationary situations would be "very useful" for corporations.
Earlier in the panel, Wood discussed how bitcoin's fixed supply of 21 million tokens helps it's role in preserving purchasing power.
- The chief venture and investment officer for the biggest and oldest bank in Thailand breaks down why the firm is so bullish on decentralized finance — and shares 6 of its top blockchain and DeFi investments
- 3 portfolio managers lay out the alternative investments they're making as equities look overextended — and explain how they're using value stocks to position for higher inflation
- The founder of crypto trading platform Apifiny breaks down why ether is currently the best opportunity in digital currencies and will 'easily' rise back to $4,000 — and shares why DeFi will take off quickly in the years ahead