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Cathie Wood Sees Bitcoin Outperforming Gold Despite Recent Weakness

Wood also expects gold prices to fall. Bitcoin and gold have had a 0.1 correlation coefficient since 2019.

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A brass token and gold bar rest on opposite pans of a balance scale / TokenPost.ai
A brass token and gold bar rest on opposite pans of a balance scale / TokenPost.ai

ARK Invest founder Cathie Wood expects Bitcoin (BTC) to outperform gold despite Bitcoin’s recent weakness.

Wood also expects gold prices to fall. Bitcoin and gold have had a correlation coefficient of 0.1 since 2019, and their prices have not consistently moved together.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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