Senior cryptocurrency investor and ARK Invest CEO Cathie Wood emphasizes that Bitcoin has a low correlation with gold (0.14 since 2020), which is a key advantage for diversification. Meanwhile, ARK's research director notes that the market value of gold has reached 170% of the US M2 money supply, hitting a record high, a level traditionally seen as a sign of economic pressure and a potential turning point. ARK Invest, where Wood is based, was among the first to adopt Bitcoin in 2015. The company maintains a target price of $1 million for Bitcoin by 2030 and continues to invest in cryptocurrency companies such as Coinbase and Block.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Senior cryptocurrency investor and ARK Invest CEO Cathie Wood emphasizes that Bitcoin has a low correlation with gold (0.14 since 2020), which is a key advantage for diversification. Meanwhile, ARK's research director notes that the market value of gold has reached 170% of the US M2 money supply, hitting a record high, a level traditionally seen as a sign of economic pressure and a potential turning point. ARK Invest, where Wood is based, was among the first to adopt Bitcoin in 2015. The company maintains a target price of $1 million for Bitcoin by 2030 and continues to invest in cryptocurrency companies such as Coinbase and Block.