Cathie Wood says BTC will outperform gold despite recent weakness

Cathie Wood, CEO of Ark Invest, has maintained the view that BTC will deliver higher returns than gold despite Bitcoin’s recent weakness, according to an Ark Invest tracker. Wood said gold prices are likely to fall while BTC will strengthen relative to gold. Wood also said the correlation between BTC and gold has been just 0.1 since 2019, indicating the two assets do not necessarily move in the same direction.