Cathie Wood, CEO of ARK Invest, is betting big on Bitcoin. She believes Bitcoin’s recent performance against gold signals a broader “risk-on” market trend.
Bitcoin’s Strength Against Gold
Wood highlighted a Bitcoin-to-gold chart, pointing out its continued uptrend. She attributes this to Bitcoin’s resilience (“anti-fragile” nature) in recent turbulent times. She thinks the stock market is mirroring Bitcoin’s strength.
A Positive Outlook for Crypto
Wood is also bullish on the crypto industry as a whole. She’s optimistic about regulatory clarity (referencing the Trump administration) and predicts a major overhaul of the financial services sector in the next 5-10 years. She sees companies like Coinbase, Circle, and SoFi making significant moves back into crypto due to this increased clarity.
Disclaimer: This information is for general knowledge and shouldn’t be considered investment advice. Always do your own research before investing in cryptocurrencies.
