In a new Bloomberg podcast, Ark Invest CEO Cathie Wood explained her case for why Bitcoin beats gold as a 10-year safety investment. Bitcoin bull Cathie Wood believes gold's time has come and gone.

Pizzo said the ARK Digital Asset Innovation Fund plans to raise $50 million, with a hard cap at $100 million when it closes.

Wood has defended her strategy by noting that she has a five-year investment horizon. But the five-year annualized return of Ark Innovation was 1.55% through Feb. 14, compared with 10.85% for the ...