Cathie Wood Says Bitcoin's 'Break Out' From Gold Is 'Very Reassuring': Ark CEO Says BTC Has 'Miles to Go' for This Reason

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Veteran investor Cathie Wood described Bitcoin as both a risk-off and risk-on asset on Friday, while remaining bullish on its long-term prospects.

Bitcoin-Gold Ratio to Increase?

During Ark Invest's "In The Know" episode, Wood shared her perspective on Bitcoin's promising trajectory.

She drew attention to a low correlation between Bitcoin and gold, suggesting a potential "breakthrough" for the cryptocurrency relative to the precious metal.

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"The correlation between Bitcoin and gold is very low by historical standards, and so to see Bitcoin starting to break out relative to gold is very reassuring from our point of view," Wood said.

Wood has frequently posited that gold prices tend to rally ahead of Bitcoin's bull markets, citing the 2020–21 and 2024–25 cycles as examples.

Source: TradingView

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Bitcoin Has Miles to Go, Says Wood

Wood, a known Bitcoin bull, emphasized the cryptocurrency's role as a "technological revolution", a new global monetary system and a first-of-its-kind asset class.

"We think it has miles to go because of those three revolutions," she added