Cathie Wood, CEO of ARK Invest, has commented on the evolving role of Bitcoin in emerging markets. She noted that while stablecoins are increasingly taking on functions that Bitcoin was initially expected to fulfill, particularly in transactional roles, Bitcoin's potential as a store of value remains significant. Wood likened Bitcoin's store of value potential to that of gold, suggesting that this aspect should have seen greater appreciation. Wood's remarks come as stablecoins continue to gain traction in emerging markets, offering a stable alternative for transactions. Despite this shift, she emphasizes Bitcoin's enduring value proposition as a digital asset akin to gold, underscoring its importance in investment portfolios.