Cathie Wood, CEO of ARK Invest, said that Bitcoin is rising because it is a "safe haven" against the depreciation of fiat currencies. Wood mentioned the performance of currencies such as the Nigerian naira and the Egyptian pound, which have lost about half of their value against the US dollar in recent months. In addition, Wood also mentioned the regional banking crisis in the United States last year that drove up BTC prices, as well as the Greek financial crisis in 2013. Wood believes that investing in Bitcoin is an insurance policy against rogue regimes or poor fiscal and monetary policies. (Cointelegraph)