Veteran investor Cathie Wood voiced her support on Tuesday for Bitcoin Policy’s open letter, which urges AI labs to aid “open-source defenders.”
Calls for Trusted Access to Frontier Models
The open letter by the Bitcoin Policy Institute—a non-partisan think tank conducting research on Bitcoin (CRYPTO: BTC) and emerging monetary networks —and a broad coalition from the digital-asset ecosystem. It urges AI labs to establish a clear, trusted pathway for open-source and digital asset defenders to access their “strongest capabilities.”
“Frontier AI could become one of the most powerful defensive technologies ever developed, but only if defenders get fair access to those systems,” Bitcoin Policy Institute said.
The letter said that “digital-asset defenders,” including Bitcoin Core developers, lack access to approved cybersecurity research programs, and frontier-model guardrails block real security work, so they fall back on “less capable” open-weight models for critical reviews
Wood Calls Bitcoin a ‘Critical Public Financial Infrastructure’
Wood endorsed the letter, stressing the potential of AI to become a “powerful defensive technology.”
The Ark Invest founder described Bitcoin as a “critical public financial infrastructure” and demanded that those securing it have access to the “most powerful AI models” available.
Wood’s Bullish on AI, Bitcoin
Wood remains a strong advocate of AI, arguing that the technology has already sparked a "technology revolution."
ARK Invest heavily targets AI exposure, with the firm purchasing Nvidia Corp. (NASDAQ:NVDA) shares worth around $26.6 million on Monday via its different exchange-traded funds.
The asset manager also bought the dip in Taiwan Semiconductor Manufacturing (NYSE:TSM), scooping up $20.1 million worth of shares at the end of July.
Yet, Wood contends that AI cannot serve as the "insurance policy" for wealth protection that many investors currently desire, in the way Bitcoin does.
Wood viewed Bitcoin as an ideal hedge against any form of uncertainty. She maintains her $730,000 base case Bitcoin target for 2030.
Price Action: At the time of writing, BTC was exchanging hands at $63,664.17, down 0.42% in the last 24 hours, according to data from Benzinga Pro.
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