Price Prediction
Cathie Wood Predicts Bitcoin Will Continue to Outperform Gold
Ark Invest CEO Cathie Wood predicts that Bitcoin will continue to outperform gold, citing statistical evidence. She argues that since 2019, there has been no correlation between Bitcoin and gold, with a correlation coefficient of 0.1. Wood believes Bitcoin will continue to gain on gold, which she describes as a risk-off and risk-on asset. Bitcoin currently trades around $74,700, while gold is at about $4,141 per ounce, indicating that one bitcoin now buys about 18.1 ounces of gold.